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Suu Kyi jailed for 3 more years on corruption charges

Bloomberg A military-controlled court in Myanmar has sentenced ousted leader Aung San Suu Kyi to 3 more years in prison after she was found guilty of accepting bribes from a local businessman, according to a person familiar with the matter. The 77-year-old Nobel peace laureate was convicted of two corruption charges by the court in Naypyidaw on Wednesday. The court ...

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Bailey risks BOE credibility in vow to end gilt purchases

  Bloomberg Governor Andrew Bailey put the Bank of England’s BOE) credibility on the line with a pledge to end emergency gilt purchases as scheduled on Friday, in the face of mounting market pressure to extend the program. Investors dumped UK assets after Bailey told pension funds they have just “three days left” to sort out their liquidity positions before ...

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RBI to stay hawkish even as inflation likely peaked: DBS

  Bloomberg India’s inflation likely peaked in September but that’s unlikely to convince the central bank at this point to halt its tightening cycle, according to DBS Bank Ltd. “A bump up is expected in September numbers,” DBS Bank Senior Economist Radhika Rao said in an interview with Bloomberg Television’s Juliette Saly and Rishaad Salamat on Wednesday. “But the good ...

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