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Wall St rallies as Fed’s Powell nods to easing inflation after rate hike

By Sinéad Carew and Johann M Cherian (Reuters) – The S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made following a quarter-point rate hike by the U.S. central bank. Wall Street’s major indexes had lost ground immediately …

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Indian shares fall as budget dents insurers, Adani stocks resume slide

By Sethuraman N R and Bharath Rajeswaran BENGALURU (Reuters) – Indian shares reversed earlier gains to close lower on Wednesday, led by a fall in insurance companies after the country’s Union budget proposed to limit tax exemptions for insurance proceeds, while Adani Group shares tumbled. The bluechip Nifty 50 index closed down 0.26% at 17,616.30, …

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Jailed ex-Georgian leader appears in court by video link, seeking urgent medical treatment

TBILISI (Reuters) -Mikheil Saakashvili, the jailed former president of Georgia, appeared in court via video link on Wednesday to show how much weight he had lost while incarcerated, as associates renewed calls for him to be freed for urgent medical treatment. Saakashvili, 55, was sent to prison in 2021 for six years on charges of …

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Indian regulator looking into $86 billion Adani share wipeout

By Jayshree P Upadhyay and Chris Thomas BENGALURU (Reuters) – India’s market regulator is examining a rout in the shares of billionaire Gautam Adani’s companies, a source with direct knowledge told Reuters, as the losses triggered by a scathing U.S. short-seller report ballooned on Wednesday to $86 billion. The Securities and Exchange Board of India …

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Ukraine’s Zelenskiy vows further anti-graft moves amid raids

By Tom Balmforth, Max Hunder and Dan Peleschuk KYIV (Reuters) – Ukrainian authorities raided an influential billionaire’s home on Wednesday, part of what President Volodymyr Zelenskiy said was a drive to root out corruption and help the country meet Western standards of clean governance. Separate raids were carried out at the Tax Office and on …

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Factbox-U.S. House Republicans’ many proposals for spending cuts in debt-ceiling debate

(Reuters) – Republicans who control the U.S. House of Representatives say any increase in the United States’ $31.4 trillion debt ceiling should be paired with spending cuts, but so far are not unified on any specific demands. Here are a few proposals Republicans had floated. LIMITED DISCRETION The Republican Study Committee, a group of 165 …

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Biden attorney: no classified documents found in search of Delaware beach house

By Jeff Mason and Sarah N. Lynch WASHINGTON (Reuters) -The U.S. Justice Department did not find documents with classified markings during a three-and-a-half hour search of President Joe Biden’s beach house in Rehoboth, Delaware, on Wednesday but did take some materials for further review, Biden’s attorney said. The morning search by FBI agents appeared to …

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Nikki Haley, once Trump’s UN ambassador, to take him on in 2024

By Gram Slattery and Trevor Hunnicutt WASHINGTON (Reuters) -Former South Carolina Governor Nikki Haley will kick off her campaign for the 2024 Republican presidential nomination this month, squaring off against her one-time boss, Donald Trump, two sources familiar with her plans said on Wednesday. The move would make her just the second declared Republican candidate …

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Myanmar junta extends emergency as coup anniversary marked by ‘silent protest’

(Reuters) -Myanmar’s junta extended the country’s state of emergency by another six months, the acting president said at a leadership meeting broadcast on state TV on Wednesday, as protesters marked the anniversary of a 2021 military coup with a “silent protest”. Junta leader General Min Aung Hlaing, in a meeting on Tuesday with the army-backed …

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Hundreds of Afghans risk 11-country trek to seek haven in United States

By Mica Rosenberg, Kristina Cooke and Jackie Botts SAN PEDRO TAPANATEPEC, Mexico (Reuters) -Their journey starts with a humanitarian visa for Brazil: one of the few remaining exit routes for Afghans fleeing Taliban rule. It ends, after a perilous trek overland through Latin America across at least 11 countries, with scaling the border wall and …

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