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Biden to propose minimum tax on billionaires as part of 2023 budget

WASHINGTON (Reuters) – U.S. President Joe Biden will propose a minimum tax on billionaires as part of the fiscal 2023 budget that is expected to be unveiled on Monday, a.

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ECB’s Lagarde does not see risk of stagflation

BERLIN (Reuters) – The European Central Bank does not expect the war in Ukraine to push the euro zone into stagflation even if it does push up inflation due to.

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Turkey’s C/A deficit seen rising to 4% of GDP this year -Goldman

ISTANBUL (Reuters) – Turkey’s current account deficit is expected to rise to $32 billion or 4.0% of GDP this year, more than the 2.5% previously forecast, Goldman Sachs (NYSE:GS) said,.

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Lebanon’s Mikati expresses hope of IMF accord in weeks

DOHA (Reuters) -A delegation from the International Monetary Fund will start talks in Lebanon on March 29, Prime Minister Najib Mikati said on Saturday, expressing hope of a deal in.

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U.S. FCC adds Russia’s Kaspersky, China telecom firms to national security threat list

By David Shepardson and Raphael Satter WASHINGTON (Reuters) -The Federal Communications Commission (FCC) on Friday added Russia’s AO Kaspersky Lab, China Telecom (NYSE:CHA) (Americas) Corp and China Mobile (NYSE:CHL) International.

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S&P 500 ends higher with financials as Treasury yields jump

By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended higher on Friday as financial shares rose after the benchmark Treasury yield jumped to its highest level in nearly three years..

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Not ‘sitting on its hands,’ U.S. to up pressure on China, trade czar Tai says

By Andrea Shalal WASHINGTON (Reuters) – The United States is done “sitting on its hands” and will more actively pressure China, the world’s second largest economy, to change trade practices.

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New York state pension fund to divest Russia holdings

By Jonathan Stempel NEW YORK (Reuters) – New York’s public pension fund, one of the largest pension funds in the United States, will divest its holdings in Russian companies following.

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Bank of Mexico governor says pace of hikes may change as needed

By Anthony Esposito ACAPULCO, Mexico (Reuters) – The Bank of Mexico does not need to strictly track the U.S. Federal Reserve’s expected interest rates hike path and can tighten monetary.

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Wall Street worries that Fed was behind the curve on inflation

(Reuters) – Wall Street analysts and investors who believe the U.S. Fed Reserve has acted too slowly to combat high inflation are now forecasting even more aggressive rate hikes as.

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