The ECB Just Raised Interest Rates. Here's What to Know.
Resurgent oil and gas prices have reignited concerns over price pressures.
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OPEC Further Cuts This Year's Oil-Demand Growth Forecast
The group of oil-rich countries said it expects global oil demand to grow by 380,000 barrels a day, down from 580,000 barrels a day previously.
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Nasdaq Futures Fall, Treasury Yields Extend Multiyear Highs as Oil Tops $102
Nasdaq futures slid and Treasury yields rose to a spate of new multiyear highs as investors took positions ahead of crucial U.S. inflation prints Thursday and Friday.
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Turkish Central Bank Keeps Rates Unchanged Amid Continued Inflation Risks
The bank held its benchmark one-week repo rate at 37.0%, it said Thursday. The bank last cut its key rate in January.
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Brent Rises Above $103 Amid Gulf Supply Risks
Brent held above $100 a barrel after Wednesday's sharp rally as traders assessed escalating attacks on Gulf shipping and renewed Houthi strikes on Saudi Arabia.
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Bond Yields Edge Up as Investors Await ECB Rate Hike, Treasury Buybacks
The selloff in global government bonds accelerated in European midday trade, pushing yields on 10-year German Bunds and Treasurys to fresh multiyear highs.
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Yemen's Iran-Backed Houthis Sweep Toward Strategic Bab al-Mandeb
The militant group captured the port of Mokha and left Saudi-backed government forces in retreat, expanding its control near a chokepoint for energy exports.
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The Complicated Reality Behind AI Token Limits
Employee token limits have become commonplace among companies looking to manage their AI costs-but putting them in place can be tricky.
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Bank of Japan Tightening Bets, U.S. Pressure Spark Yen Recovery
Just over a month after joint currency interventions failed to pull the yen significantly off multi-decade lows, shifting policy expectations have triggered a remarkable turnaround.
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ECB Hikes Rates. It's Telling Markets What Fed's Warsh Won't.
The ECB raised its key interest rate to 2.5% from 2.25% on Thursday, which was widely expected.
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Bank of Korea Warns of Destabilizing Impact of High-Risk AI Trades
A surge of investment in leveraged exchange-traded funds generated significant volatility in the domestic stock market, the Bank of Korea said.
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Data Centers Light Fire Under Uranium Prices
With a wary public already raising concerns about data centers drawing on local electricity supply, some hyperscalers have talked up the opportunity to run the facilities using nuclear power.