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Suzuki plans $1.8bn bond sale, cancels VW shares

Bloomberg Suzuki Motor Corp. plans to sell 200 billion yen ($1.8 billion) of convertible bonds and cancel most of the stock it bought back from Volkswagen AG last year, as the Japanese automaker expands in India following a failed alliance. Suzuki will sell the bonds primarily to fund the 185 billion rupee ($2.8 billion) factory it’s building in India’s western ...

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Beijing’s foreign reserves slow decline as currency stabilizes

Bloomberg China’s foreign-exchange reserves fell at a slower pace last month as the nation’s financial markets stabilized and policy makers took more steps toward shoring up growth. The world’s largest currency hoard dropped by $28.6 billion to $3.2 trillion in February, the People’s Bank of China said in a statement on Monday. That was the smallest decline since June and ...

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Carney faces ‘Brexit’ grilling as BoE pulled into politics

Bloomberg Mark Carney’s scope to sidestep “Brexit” is dwindling. With a referendum on Britain’s European Union membership looming, the Bank of England governor has spent months trying to skirt the highly charged debate. An appearance before lawmakers this week may throw him right in, as happened in the buildup to the Scottish independence vote when his comments were hijacked by ...

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