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RBI chief jokes over future as rates held

Rbi governor rajan attends a news conference after their bimonthly monetary policy review in mumbai

  AFP India’s central bank chief Raghuram Rajan joked on Tuesday that it would be ‘cruel’ to end intense speculation surrounding his future as he held interest rates in the world’s fastest-growing large economy. The Indian media is abuzz with predictions about whether the popular central banker, often dubbed ‘Rockstar Rajan’, will be given a second three-year term as governor ...

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Six Taiwanese banks sue Nomura unit

General images of nomura and daiwa branches ahead of the companies' earnings

  Bloomberg Six Taiwanese banks filed a lawsuit against a unit of Nomura Holdings Inc, saying it failed to extend its portion of a syndicated loan to a now-insolvent shoemaker, Ultrasonic AG. Nomura International (Hong Kong) Ltd, part of Japan’s biggest brokerage, was sued in the Taipei District Court, according to Winnie Chang, a Taipei-based spokeswoman for Cathay United Bank. ...

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China’s doorway to the West

Cranes are seen above piles of steel pipes to be exported at a port in lianyungang

  Bloomberg Growing up in a fishing village along the Yangtze River in Chongqing, PengJianhu used to clamber down to the water from his home perched on wooden stilts and nestled into the riverbank’s steep cliffs. For Peng, the nation’s largest river system is an economic wellspring, linking his home to bustling coastal markets some 1,400 km (870 miles) to ...

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