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Quantitative tightening not so frightening, even as stocks sink

Bloomberg US President Donald Trump is not alone in blaming the Federal Reserve for this week’s tumble in stocks, as many investors attribute the ebbing of easy money for spurring an outbreak of market turmoil. With Bloomberg Economics declaring October as the month the world’s major central banks together start running down their bond holdings, the withdrawal of liquidity is ...

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Bank of Thailand sees economy capable of absorbing rate hike

Bloomberg Thailand’s economy is solid enough to handle an interest-rate increase and expectations of tightening this quarter are already partially reflected in the strength of the baht, according to the central bank. A quarter-point hike, or even a climb of 50 basis points, would have “some, but not much” impact on consumer and corporate borrowing, Bank of Thailand Senior Director ...

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Deutsche Bank, HSBC, Citi join $3.8bn deal with Egypt

Bloomberg Egypt struck a deal to get $3.8 billion in new financing from an international consortium that includes Deutsche Bank AG and HSBC Bank Plc to boost its foreign-currency stockpile at a time when an emerging-market selloff is spooking investors. The accord replaces a one-year, $3.1 billion agreement that will expire next month, and aims at “extending the duration” of ...

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