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Nubank raises $2.6bn in top-of-range US IPO

Bloomberg Nu Holdings Ltd, the Brazilian digital bank whose backers include Warren Buffett’s Berkshire Hathaway Inc, raised $2.6 billion in a US initial public offering priced at the top of a marketed range it had earlier lowered. The company, which does business as Nubank, sold 289 million shares for $9 each after offering them for $8 to $9, according to ...

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Peru lifts key rate to 2.5%

Bloomberg Peru raised interest rates for a fifth straight month as the economy grows at the fastest pace in Latin America and inflation exceeds the upper limit of its target range. The central bank lifted its key interest rate by half a percentage point to 2.5%, in line with forecasts by all nine economists from Bloomberg. The move unwound all ...

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Barclays plots Asia revival with strategic hires after hiatus

Bloomberg Barclays Plc plans to make key hires in investment banking and wealth management across Asia next year as British lender plots its return to some of the world’s fastest growing economies after a 2016 restructuring. The bank — which is benefiting from a boom in deals and trading along with its Wall Street rivals — is seeking to rebuild ...

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