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S.Korea’s Yoon says cooperation with US, Japan key to overcoming N.Korea threats

SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Wednesday that trilateral cooperation with the United States and Japan has become more important than ever to overcoming North Korea’s growing nuclear threats and other crises. Yoon spoke at an event commemorating the country’s historic March First independence movement against Japan’s 1910-1945 occupation of Korea. …

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Goldman Sachs mulls deal options after consumer flop

By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -Goldman Sachs Group Inc’s Chief Executive David Solomon told investors on Tuesday the bank is considering “strategic alternatives” for its consumer arm, raising prospects for a potential sale after the business lost billions of dollars. Solomon’s remarks were made at the bank’s second investor day in …

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U.S. House panel on China cites ‘existential struggle’ at first hearing

By Patricia Zengerle and Michael Martina WASHINGTON (Reuters) -A new U.S. congressional select committee on competition with China held its first hearing with a focus on human rights on Tuesday, amid tense bilateral ties weeks after a suspected spy balloon flying over North America was shot down. “This is not a polite tennis match. This …

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Wall Street sells shares, Treasuries to end fraught February

By Lawrence Delevingne and Samuel Indyk (Reuters) – Wall Street indexes and global equities slid further on Tuesday, and bonds wrapped up a difficult month by holding their elevated yields, as more evidence of stubborn inflation added to expectations that central banks will keep rates high. The optimism that drove shares up and global bond …

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Oil rebounds almost 2% on China growth hopes

By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose nearly 2% on Tuesday, erasing the previous session’s losses, as hopes for a strong economic rebound in China offset worries about U.S. interest rate hikes dragging down consumption in the world’s biggest economy. Brent crude futures for April, which expired on Tuesday, settled higher by …

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Dollar edges higher, set for 1st monthly gain since September

By Gertrude Chavez-Dreyfuss and John McCrank NEW YORK (Reuters) – The dollar ticked higher against major currencies in choppy trading on Tuesday, on track for its first monthly gain since September on views that interest rates will stay elevated for some time as inflation remains stubbornly high, while recession fears kept investors on edge. Recent …

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India’s push to regulate crypto gains IMF, U.S. support at G20

BENGALURU (Reuters) – A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two-days of talks. India has said it wants a collective global effort to deal with problems posed by …

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Sunak pitches new Brexit vision to Northern Ireland and his lawmakers

By Amanda Ferguson, Alistair Smout and Andrew MacAskill BELFAST/LONDON (Reuters) -British Prime Minister Rishi Sunak was in Northern Ireland and then met with his own lawmakers on Tuesday to sell his new deal with the European Union to ease post-Brexit trade, a measure he hopes will finally break the political deadlock in the province. Sunak …

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Factbox-Results so far in Nigeria’s presidential election

LAGOS (Reuters) – Nigeria’s electoral commission has started announcing state-by-state results from Saturday’s presidential election. The major opposition parties have complained of irregularities. There have been reports of violence and intimidation, although not on the scale of previous elections. Here are details of the election process and current leaders. WHO ARE THE MAIN CANDIDATES? Eighteen …

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Sibanye says power cuts could lower S.Africa’s PGM output 15%

By Nelson Banya (Reuters) -Power cuts could reduce the output of platinum group metals (PGM) in South Africa, the world’s leading supplier of the minerals, by up to 15% this year, diversified miner Sibanye Stillwater said on Tuesday. South Africa is experiencing extended power cuts as its coal-fired generating plants frequently break down. Anglo American …

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