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‘Make or break’ call on inflation stumps global investors

Bloomberg Bond veteran Greg Wilensky has seen hype about a surge in inflation crushed too many times to get carried away with this year’s great reflation trade. “I’ve been managing bond portfolios for 25 years, through very large monetary programs, big deficits, and the Fed trying to raise inflation expectations,” the Janus Henderson money manager said in an interview. “As ...

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Sheikh Mohammed orders AED14m bonus for taxi plate owners in Dubai

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has ordered the payment of bonuses totalling over AED14 million to citizens whose taxi number plates are used by the Dubai Taxi Corporation and Taxi Franchise Companies. Dubai’s Roads and Transport Authority (RTA) ...

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Singapore’s Grab to list in US in record $40 billion SPAC deal

Bloomberg Grab Holdings Inc, Southeast Asia’s most valuable startup, is going public in the US through a merger with blank-check company Altimeter Growth Corp. in what is the largest-ever deal of its kind. The Singapore-based startup is set to have a market value of about $39.6 billion after the combination with the special purpose acquisition company of Brad Gerstner’s Altimeter ...

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