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India central bank cuts interest rates as Trump tariffs kick in
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Taiwan exporters count the cost of Trump's 'ridiculous' tariffs
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Injury-time goal gives Brazil first win over US women since 2014
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Japan badminton ace Shida blasts 'stalker' Chinese fans
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Ekitike has Frankfurt dreaming of Europa League repeat
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Trump's new tariffs take effect, with 104% on Chinese goods
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Shai scores 42, Doncic ejected as Thunder down Lakers
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Nepal royalists seek return of king
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Man Utd reliant on Europa League with season on life support
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Kim Jong Un's sister says North Korea denuclearisation is a 'daydream'
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Trump tariffs leave Italy's luxury furniture makers sitting uncomfortably
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EU plan to end Russian fertiliser imports unsettles farmers
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Equities resume selloff as Trump cranks up trade war
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Inside Europe's last 'open-outcry' trading floor
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Trumps presses on with 104% tariffs on China
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AI tool aims to help conserve Japan's cherry trees
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The Metals Company courts Trump for deep-sea mining contract
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Indonesia president says ready to temporarily shelter Gazans
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Musk brands Trump aide 'dumber than a sack of bricks' in tariff spat
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Author of explosive Meta memoir to star at US Senate hearing
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UK to host Europe's first Universal theme park
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'It's beautiful': Arteta hails Rice free-kick magic as Arsenal stun Real
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Argentine Congress backs inquiry into Milei crypto scandal
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US will not let China disrupt Panama Canal: Pentagon chief
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Judge orders White House to restore AP access
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Shaken Real Madrid insist Arsenal comeback possible
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Bayern 'fully believe' despite Inter setback, says Kompany
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Inter 'showed what we were made of' against Bayern, says Martinez
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US stocks fall again as global rally fizzles
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Milan's England defender Walker has surgery on broken elbow
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Judge orders White House to lift restrictions on AP access
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Free-kick hero Rice revels in Arsenal's 'special' win over Real
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'Totally new': Scheffler readies for Masters defense
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Stuffy nose and steak knife join Scheffler's list of Masters tests
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Late Frattesi strike gives Inter edge over Bayern in Champions League
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Arsenal stun Real Madrid as Rice delivers free-kick masterclass
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Spain thump Portugal in women's Nations League as Belgium upset England
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Spain enjoy goal spree against Portugal in women's Nations League as Belgium upset England
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Emery relishes Aston Villa's 'huge challenge' against PSG
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Rahm on LIV-PGA solution: not happening soon
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US, China clash as Trump set to unleash more tariffs
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Cabrera returns to Masters with regrets in second chance at life
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No.4 Morikawa ponders career Slam with Masters in his sights
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French parliament restricts birthright citizenship in Mayotte
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Meghan Markle reveals pregnancy-related medical complications
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Spain enjoy goalfest against Portugal in women's Nations League as France edge Norway
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Patrick Mullins hit with eight-day whip ban over Grand National ride
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Patrick Mullins suspended for winning Grand National ride
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Trump plants 'MAGAnolia' to replace 200-year-old tree
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Pooran, Arya break free as Lucknow and Punjab win in IPL

Asian markets enjoy much-needed rally as Fed's big day arrives
Asian markets enjoyed some respite Wednesday from the hefty selling at the start of the week, with focus on the end of the Federal Reserve's policy meeting later in the day, when traders hope it will provide much-needed guidance on its plans for hiking interest rates.
After weeks of uncertainty, the US central bank will finally deliver its views on the state of the world's top economy and how officials plan to tackle inflation that is now at a four-decade high without knocking its recovery off course.
Minutes from its December gathering pointed to a more hawkish tilt, with plans to speed up the taper of its vast bond-buying programme, the selling of the assets it already has and three or four rate increases before the end of the year.
While boss Jerome Powell pledged any tightening would be carefully calibrated, the prospect of higher borrowing costs has rattled markets across the world with most key indexes deep in the red from the start of the year, with Wall Street particularly hard hit.
His comments after the meeting will be pored over for signs of the Fed's plans, which most commentators believe include a first hike in March.
Analysts were leaning positive ahead of the meeting.
Frances Stacy, at Optimal Capital, told Bloomberg Television that Powell would try to take a less hawkish tone, saying policy would be guided by data while supply chains were improving and inflation showed signs of peaking.
"I think what that's going to do is potentially reassure markets that the Fed put is ready, willing and able," she said, referring to the bank's past in backstopping markets. "That could cause some serious enthusiasm and a short squeeze."
And Standard Chartered Bank's Steven Englander concurred, adding that "a moderately hawkish Powell would be dovish in market terms".
Meanwhile, markets strategist Louis Navellier saw three rate hikes this year and that after the recent bout of selling across markets, buying opportunities were emerging.
"I'm very comfortable that we are going to have a bottom here soon. Remember, the market is a manic crowd," he said in a note.
After a second day of high volatility in New York, Asia enjoyed a little more calm in the morning.
Hong Kong, Shanghai, Singapore, Seoul, Wellington, Taipei and Jakarta all rose, though Tokyo and Manila edged down.
However, while there remains some optimism among analysts about the outlook, the International Monetary Fund on Tuesday lowered its growth outlook for the global economy saying it has started the year "in a weaker position than previously expected".
It said Omicron threatened to set back the recovery as countries impose containment measures, while other issues remained, including inflation and geopolitical tensions.
Included in those tensions is the standoff on the Ukraine-Russia border, with Moscow building up troop numbers and the West led by the United States warning the risk of an invasion "remains imminent".
US President Joe Biden said such a move would prompt "enormous consequences" and even "change the world", adding that he would consider imposing direct sanctions on Russian counterpart Vladimir Putin on top of a raft of measures being drawn up.
- Key figures around 0230 GMT -
Tokyo - Nikkei 225: DOWN 0.4 percent at 27,024.08 (break)
Hong Kong - Hang Seng Index: UP 0.8 percent at 24,439.17
Shanghai - Composite: UP 0.5 percent at 3,449.11
Euro/dollar: UP at $1.1309 from $1.1305 late Tuesday
Pound/dollar: UP at $1.3517 from $1.3507
Euro/pound: DOWN at 83.64 pence from 83.66 pence
Dollar/yen: DOWN at 113.84 yen from 113.87 yen
West Texas Intermediate: DOWN 0.3 percent at $85.36 per barrel
Brent North Sea crude: DOWN 0.1 percent at $88.16 per barrel
New York - Dow: DOWN 0.2 percent at 34,297.73 (close)
London - FTSE 100: UP 1.0 percent at 7,371.46 (close)
Y.Bouchard--BTB