Saudi Arabia urges improved maritime security in Gulf as ties with Iran resume

(Reuters) – Saudi Arabia wants enhanced maritime security in the crucial Gulf region as part of its rapprochement with long-time rival Iran, Foreign Minister Prince Faisal bin Farhan said on Saturday. Iran and Saudi Arabia agreed in March, in a deal brokered by China, to end a diplomatic rift and reestablish relations following years of…

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Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg

(Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a note from strategists at Goldman Sachs cited in a Bloomberg report on Saturday. “Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling,”…

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Binance, SEC Strike Deal To Keep US Customer Assets In Country

By Baranjot Kaur and Akanksha Khushi (Reuters) -Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved. The agreement, disclosed in…

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Putin says Russia positions nuclear bombs in Belarus as warning to West

By Andrew Osborn (Reuters) – President Vladimir Putin said on Friday that his deployment of tactical nuclear weapons to Belarus, something he confirmed for the first time had already happened, was a reminder to the West that it could not inflict a strategic defeat on Russia. Speaking at Russia’s flagship economic forum in St Petersburg,…

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Exclusive-Blackstone’s Horizon head Scott Bommer to leave company

By Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group’s Scott Bommer, who oversaw its hedge fund unit’s growth strategy Horizon platform, is leaving the company for health reasons, according to two people familiar with the matter. Bommer, a former hedge fund manager, joined Blackstone in 2021 as a senior managing director when the company was…

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