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Czech central bank Governor Ales Michl said he sees a stronger argument to raise interest rates in June to contain inflationary pressures. While the global cost pressures from the energy shock may abate, the Czech economy is also facing domestic risks that may require a tightening of monetary conditions, Michl told Bloomberg News in an interview a week before the rate meeting. “I think a June move now a real possibility" Michl said. “The case for a rate hike has strengthened.” (Source: Bloomberg
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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
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SpaceX’s long-awaited initial public offering triggered a selloff across rocket, satellite and space-linked companies Friday.
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Chevron Corp. is open to expanding its Middle East footprint despite the ongoing Iran conflict that has triggered an unprecedented disruption of global energy markets, said Chief Executive Officer Mike Wirth
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