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India gold imports climb to nearly two-year high

  Bloomberg Gold imports by India, the world’s biggest market after China, jumped to the highest level since 2014 in the first three months of the year, spurred by jewelers restocking for weddings and improving cash flow in the financial system, the World Gold Council said. Net inbound shipments more than doubled to 270.1 metric tons from 127.4 tons a ...

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Revamp of net-neutrality rules left to FCC Chairman

  Bloomberg Federal Communications Commission Chairman Ajit Pai wants to gut Obama-era net neutrality rules, but even he says the matter is best left to someone else: the lawmakers in Congress. Broadband companies AT&T Inc., Verizon Communications Inc. and Comcast Corp. support Pai’s initiative but also want Congress — rather than his agency — to step in and end a ...

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Euro-area growth gathers speed as top 3 economies converge

  Bloomberg Activity in euro-area manufacturing and services accelerated more than initially estimated as growth in the region’s three largest economies converged. A composite Purchasing Managers’ Index rose to 56.8 in April from 56.4 in March, IHS Markit said on Thursday. An April 21 flash report was for an increase to 56.7. The spread between gauges for the rates of ...

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