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Fed paper says risk of falling back to near zero rates still in play
(Reuters) -The prospect of the Federal Reserve once again setting its short-term interest rate target at near zero levels at some point in coming years remains real despite current relatively high levels of short-term borrowing costs, a new paper published jointly between the New York and San Francisco Federa …. Read More >>

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Exxon signals lower oil, gas prices could hit second-quarter profit
HOUSTON (Reuters) -Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter’s level.The earnings snapshot from the largest U.S. oil producer is closely watched for clues on how the broader oil sector will fare when compa …. Read More >>

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Apple takes fight against $587 million EU antitrust fine to court
BRUSSELS (Reuters) -Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech.The European Commission in a decision in April said the iPhone …. Read More >>

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BRICS nations resist ‘anti-American’ label after Trump tariff threat
RIO DE JANEIRO (Reuters) -Developing nations participating in the BRICS summit on Monday brushed away an accusation from U.S. President Donald Trump that the bloc is “anti-American,” as he threatened them with additional 10% tariffs.Â Trump’s threat on Sunday night came as the U.S. government prepared to fi …. Read More >>

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