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RBI may hold bond quotas as India faces impossible trinity

Bloomberg Foreigners looking to buy Asia’s best bonds will probably have to wait. Reserve Bank of India’s Governor Urjit Patel is unlikely to raise the quota on debt after inflows surged and muddied policy choices. He can’t allow runaway currency gains because exports are only just recovering from a slump, so he’s buying up the dollars pouring in. This injects ...

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Amazon cuts Whole Foods prices up to 43% on first day

Bloomberg Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market. At the Whole Foods on 57th Street in Manhattan, organic fuji apples were marked down to $1.99 a pound from $3.49 a pound; organic avocados went to $1.99 each from $2.79; organic rotisserie chicken fell to $9.99 each from ...

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Pentagon’s No. 2 sets up alert system on his ex-employer Boeing

Bloomberg Patrick Shanahan, the Pentagon’s No. 2 civilian, has set up an alert system to insulate himself from decisions affecting Boeing Co., where he rose to senior vice president during a 30-year career. The new deputy defense secretary has signed a “screening arrangement” that will notify Defense Secretary James Mattis and Shanahan’s staff to issues involving Boeing—the No. 2 US ...

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