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By Rae Wee SINGAPORE (Reuters) – The dollar fell on Thursday after the Federal Reserve delivered what some expected to be its last rate hike, while market focus shifted across the Atlantic to the European Central Bank’s (ECB) rate decision later in the day. The Fed on Wednesday raised interest rates by a quarter of a percentage point, as expected, marking the central bank’s 11th rate increase in its last […]

By Kirsty Needham (Reuters) -U.S. Secretary of Defense Lloyd Austin said on Thursday during a visit to Papua New Guinea that the United States was not seeking a permanent base in the Pacific Islands nation under a new defence agreement. Papua New Guinea (PNG) and the United States signed a defence cooperation agreement in May that sets a framework for the U.S. to refurbish PNG ports and airports for military […]

(Reuters) -Netflix is restructuring its advertising partnership with Microsoft and lowering ad prices, the Wall Street Journal reported on Thursday. Netflix has had early discussions to sell ads through other partners in addition to Microsoft, WSJ said, citing people familiar with the matter. The streaming company selected Microsoft last year to provide technology and sell ads on its behalf, in part because Microsoft offered to pay a “revenue guarantee,” pledging […]

By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Wednesday tightened Sam Bankman-Fried’s bail conditions by restricting his ability to communicate publicly, and said he will consider jailing him before the trial over the collapse of his FTX cryptocurrency exchange. At a hearing in Manhattan federal court, prosecutors asked U.S. District Judge Lewis Kaplan to detain Bankman-Fried now, saying he had “crossed a line” by […]

A look at the day ahead in European and global markets from Brigid Riley Is the most aggressive U.S. hiking cycle in a generation finished? After Wednesday’s 25 basis point hike, markets seem to think so. Traders in Asia cheered a glimpse of the fabled soft landing with Jerome Powell saying the Fed no longer expects a U.S. recession. Stocks rose and the dollar fell across the board. The spotlight […]

By Trevor Hunnicutt and Angelo Amante WASHINGTON/ROME (Reuters) – U.S. President Joe Biden hosts Italian Prime Minister Giorgia Meloni at the White House on Thursday, with the Ukraine war and Italy’s relations with China expected to be among the top items on the agenda. Italy’s first woman prime minister came to power last October and is seeking an assertive role abroad as she plans the country’s upcoming Italian presidency of […]

By Trevor Hunnicutt and Angelo Amante WASHINGTON/ROME (Reuters) – U.S. President Joe Biden hosts Italian Prime Minister Giorgia Meloni at the White House on Thursday, with the Ukraine war and Italy’s relations with China expected to be among the top items on the agenda. Italy’s first woman prime minister came to power last October and is seeking an assertive role abroad as she plans the country’s upcoming Italian presidency of […]

By Hyunsu Yim and Josh Smith SEOUL (Reuters) -Russia’s defence minister accompanied North Korean leader Kim Jong Un to a defence exhibition that featured the North’s banned ballistic missiles as the neighbours pledged to boost ties, North Korean state media reported on Thursday. The Russian minister, Sergei Shoigu, and a Chinese delegation including a Politburo member arrived in North Korea this week for the 70th anniversary of the end of […]

By Josh Smith SEOUL (Reuters) – Russia’s defence minister was photographed this week viewing banned North Korean ballistic missiles with leader Kim Jong Un at a military expo in Pyongyang, signalling deeper ties between the two countries as they face off with the United States. As Russia’s isolation over its war in Ukraine has grown, it has seen increasing value in North Korea. For North Korea’s part, relations with Russia […]