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Modi opens bonds wider to foreigners to woo index funds

Bloomberg Indian PM Narendra Modi’s government plans to allow foreign investors greater access to short-term and long-term government securities in a bid to tap money being poured into passive funds operated by firms such as BlackRock Inc. Certain categories of sovereign bonds will be fully opened to non-resident investors, apart from being available to domestic investors, finance minister Nirmala Sitharaman ...

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China blasts US for spreading fear, ‘overreaction’ to virus

Bloomberg China said the US “inappropriately overreacted” to the deadly virus that originated there and hasn’t provided much help to counter the outbreak, disputing the Trump administration’s claim that it offered assistance. “The US government hasn’t provided any substantial assistance to us, but it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial ...

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Lexus surges globally despite US sales stall

Bloomberg Toyota Motor Corp’s luxury Lexus brand posted a double-digit sales gain last year, taking its 30th anniversary in stride as strength in China and Europe offset stalled demand in North America. The brand, which debuted in 1989, grew 10% to 765,330 vehicles worldwide, Toyota said in a statement on Monday, powered by strong sales of its UX subcompact crossover ...

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