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Sweden's Riksbank became the second G10 central bank to cut rates this year. The Swiss National Bank cut its deposit rate in March. A couple other large central banks, including the European Central Bank, and possibly the Bank of Canada, may cut rates next month. The Swedish krona is the weakest of the G10 currencies today, off by about 0.45%, but the ...
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As tensions rise in the South China Sea and the threat of a war over Taiwan becomes more palpable, the US Pentagon is stepping up its regional defense diplomacy in a potent challenge to China’s rising regional threats and ambitions. Last week, US Secretary of Defense Lloyd Austin hosted counterparts from Japan, Australia and the Philippines for what is ...
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