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Thailand flags price risks after raising rate to eight-year high

BLOOMBERG  Thailand’s central bank raised its benchmark interest rate to the highest level in eight years, while making a case for retaining a tightening bias to anchor inflation firmly in the tourism-fuelled economy. The Bank of Thailand’s (BOT) Monetary Policy Committee (MPC) voted unanimously to raise the one-day repurchase rate by 25 basis points to 2% on Wednesday, as seen by ...

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Citigroup sees dealmaking slump easing in wake of debt-limit deal

BLOOMBERG  Citigroup Inc has begun to see signs of a rebound in investment banking, with an agreement to avert a US debt default poised to further boost deal volumes. The company had already begun to see a pickup in both investment-grade debt and equity underwriting, Tyler Dickson, co-head of Citigroup’s banking, capital markets and advisory unit, said in a Bloomberg ...

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UAE reviews efforts in cultural and creative sector

DUBAI / WAM A delegation representing the UAE Ministry of Culture and Youth reviewed the country’s effort in protecting cultural property, harnessing tangible heritage for a sustainable future, its strategy to promote the creative economy and the cultural industries and leveraging digital technologies in protecting culture and heritage at the second G20 Culture Working Group (CWG) meeting in Bhubaneshwar, India, ...

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