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Fed carrying $330 billion in unrealized losses on its assets according to Q1 financial statement

WASHINGTON (Reuters) – The U.S. Federal Reserve is carrying $330 billion in unrealized losses on its holdings of U.S. Treasury and mortgage-backed securities as of the end of March, according.

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Russia makes Eurobond coupon payments in FX – settlement depository

(Reuters) – Russia’s National Settlement Depository (NSD) on Friday successfully paid coupons in foreign currency on two Eurobonds, an NSD representative told Reuters, a move that could mean Russia may.

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Russia needs huge financial resources for military operation – finance minister

(Reuters) -Russia needs huge financial resources for its military operation in Ukraine, Finance Minister Anton Siluanov said on Friday, putting the amount of budget stimulus for the economy at 8.

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Canada’s budget deficit falls to C$95.57 billion in fiscal 2021/22 as pandemic wanes

By Julie Gordon Canada’s budget deficit in fiscal 2021/22 shrank to C$95.57 billion ($75.02 billion) from C$314.00 billion in the previous year, as emergency spending on the COVID-19 pandemic eased,.

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India central bank gov says priority is inflation, but growth important – ET

MUMBAI (Reuters) – The Reserve Bank of India’s primary focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, governor Shaktikanta Das told.

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Hong Kong home prices reverse 3-month drop to climb 0.5% in April

HONG KONG (Reuters) – Hong Kong private home prices reversed a three-month decline in April, the latest official data showed on Friday, as the financial hub stabilised after COVID-related woes.

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Business Economy News

New Zealand house prices to sink 9.0% this year, another 2% in 2023: Reuters poll

By Vivek Mishra BENGALURU (Reuters) – New Zealand’s house prices are forecast to sink 9.0% this year as aggressive interest rate hikes take some heat out of the blazing housing.

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Pakistan hikes fuel prices to unlock IMF funding

By Gibran Naiyyar Peshimam and Asif Shahzad KARACHI, Pakistan (Reuters) -Pakistan on Thursday announced it will hike fuel prices so that it can resume receiving aid from a $6 billion.

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Helped by weak yen, Japan remains top creditor nation with record net external assets

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s net external assets hit a record 411 trillion yen ($3.24 trillion) in 2021, to retain its position as the top creditor for 31 years.

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South Korea steps up inflation fight with back-to-back rate hikes

By Cynthia Kim and Joori Roh SEOUL (Reuters) – South Korea’s central bank on Thursday delivered back-to-back interest rate hikes and forecast further aggressive increases to wrestle consumer inflation down.

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