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Big Tech’s push into India’s financial sector raises concerns, says central bank

Plans by Big Tech to foray further into India’s financial sector pose risks for traditional banks as the tech firms have the potential to become dominant players in financial services,

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HK bourse says working with regulators on southbound leg of China Bond Connect

Hong Kong Exchanges and Clearing (HKEX) (0388.HK) is “working closely” with regulators on a southbound leg of the Bond Connect programme to expand Chinese investors’ access to global bond markets,

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Bring on the payrolls

For former Treasury secretary, Democratic stalwart and Harvard University professor Lawrence Summers, massive U.S. fiscal spending will set off inflationary pressures of a kind not seen in a generation. Forget

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Malaysia’s AmBank pays $432 million in 1MDB settlement – finance ministry

Malaysia on Friday said it had received the first payment of 1.8 billion ringgit ($432.38 million) from banking group AMMB Holdings Berhad (AmBank), as part of a settlement deal related

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Japan’s GPIF posts record annual return on equity rally

Japan’s Government Pension Investment Fund (GPIF) on Friday declared a record investment return of 37.8 trillion yen ($338.8 billion) for the year ended March 31, raking in the benefits of

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Chile wins Euroclear access for corporate bond market

Chile has sealed a long-awaited deal with Europe’s biggest securities settlement house Euroclear to include the country’s corporate bonds on the firm’s international investor platform. Chile’s government bonds gained so-called

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