QUOTES: Biden, Modi take careful aim at China, Russia in joint statement

WASHINGTON (Reuters) – The United States and India declared themselves “among the closest partners in the world” on Thursday during a state visit by Indian Prime Minister Narendra Modi to Washington hosted by President Joe Biden. Washington has been frustrated by India’s close ties with Russia while Moscow wages war in Ukraine. Modi did not…

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Dollar Rises As Hawkish Central Banks Dent Risk Sentiment, Sterling Slips

By Rae Wee SINGAPORE (Reuters) – The dollar drew support from a bout of risk aversion on Friday as hawkish comments from global central banks, including the Federal Reserve, stoked fears that their aggressive monetary tightening could push economies into a deeper downturn. Sterling struggled to hold gains from a larger-than-expected 50-basis-point rate rise from…

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Narendra Modi denies religious discrimination exists in India

By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi denied that discrimination against minorities existed under his government during a press conference with U.S. President Joe Biden on Thursday, despite rights groups and State Department reports of abuses. Biden said he discussed human rights and other democratic values with Modi during…

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Brazil unveils compensation funds in proposed tax reform

BRASILIA (Reuters) -Brazil’s proposed tax reform will include compensation funds to benefit states that lose money under the changes, the bill’s coordinator, Congressman Aguinaldo Ribeiro, said on Thursday, as the proposed constitutional amendment was unveiled. The restructuring of Brazil’s notoriously complex consumption taxes, which has been attempted previously by various governments multiple times without success,…

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BlackRock announces fresh layoffs impacting less than 1% of staff – memo

By Anirudh Saligrama (Reuters) – BlackRock has announced layoffs that would impact less than 1% of its workforce as a result of budget reallocations to support critical priorities, according to a memo seen by Reuters on Thursday. The investment management firm has about 19,500 employees across more than 30 countries. BlackRock had cut 500 jobs…

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