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Powell’s Resolve to Raise Rates Spells Further Dollar Strength

(Bloomberg) — Federal Reserve Chair Jerome Powell’s vow to contain inflation with higher interest rates is holding, and that may boost the dollar. The two-year Treasury note yield surged 17.

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Tokyo court convicts ex-Nissan executive of helping Ghosn to hide pay

TOKYO (Reuters) – A Tokyo court on Thursday handed Nissan (OTC:NSANY) Motor executive Greg Kelly a sixth month suspended sentence for helping Carlos Ghosn hide pay from financial regulators, but.

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Economy News

Yellen says U.S. will address potential gaps in Russia sanctions

By David Lawder CHICAGO (Reuters) -The United States will address potential gaps in tough sanctions imposed on Russia over its invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said on.

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U.S. preparing further sanctions against Russian oligarchs -sources

By Daphne Psaledakis and Matt Spetalnick WASHINGTON (Reuters) -The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources familiar.

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Fitch, Moody’s slash Russia’s sovereign rating to junk

(Reuters) -Fitch and Moody’s (NYSE:MCO) on Wednesday each downgraded Russia’s sovereign credit rating by six notches to “junk” status, saying Western sanctions threw into doubt Russia’s ability to service its.

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G7 will seek to seize assets of key Russian elites -Yellen

By Christian Kraemer and Chris Gallagher BERLIN/WASHINGTON (Reuters) -The Group of Seven major economies will convene a task force to focus on freezing and seizing assets of key Russian elites.

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Apollo CEO says Ukraine conflict could weigh on interest rate rises

By Chibuike Oguh (Reuters) – Apollo Global Management (NYSE:APO) Inc Chief Executive Marc Rowan said on Tuesday that Russia’s invasion of Ukraine could temper interest rate rises by central banks.

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World Bank, IMF racing to get aid to Ukraine in coming weeks, months

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The International Monetary Fund and World Bank on Tuesday said they were racing to provide billions of dollars of additional funding to.

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Business Economy News

Canada shuts ports to Russian ships over Ukraine invasion

By Alexander Schummer TORONTO (Reuters) -Canada ratcheted up pressure on Russia on Tuesday for its invasion of Ukraine by shutting ports to Russian-owned ships and saying that holdings of all.

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Business Economy News

Exxon to exit Russia, leaving $4 billion in assets, Sakhalin LNG project in doubt

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new.

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