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Ex-Noble Group’s CEO sues founder for $58mn

Bloomberg The former chief executive officer of Noble Group Ltd. has filed a lawsuit against founder Richard Elman claiming that he’s owed stock in the embattled commodity trader. Yusuf Alireza, who left the company in May 2016, filed the suit against Elman in the High Court of Hong Kong alleging contract breaches, according to a writ of summons. Alireza seeks ...

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Punishing Putin mostly means punishing his foes

After being surprised by broad-based protests in late March, the Russian authorities were ready to prevent a repeat on Monday. Police detained hundreds across the country as well as opposition leader Alexei Navalny. The protests themselves were thinner, too — planning to be arrested, which is likely, is not for everyone — but thousands still turned out. As I watched ...

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India central bank’s freedom gets crucial test after rate decision

Clashes between central banks and governments happen the world over. India is no different, yet the recent friction between the Reserve Bank of India (RBI) and Prime Minister Narendra Modi’s government over a controversial rate call offers up a test case of central bank independence in this $2 trillion economy. Last October, the RBI led by governor Urjit Patel adopted ...

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