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UK inflation surge prompts bets for sharper rate hikes

Bloomberg UK inflation surged more than expected to the strongest pace in more than nine years, prompting investors to anticipate a sharper increase in interest rates in 2022. Consumer prices jumped 3.2% in August from a year ago, the most since March 2012, Office for National Statistics said. The reading was up from 2% in July and above the highest ...

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Short-sellers beating day traders in South Korea’s tech crackdown

Bloomberg Short-sellers have driven big losses in the favourite stocks of South Korean retail investors this month, piggybacking on a campaign by local regulators to rein in the power of Kakao Corp and other internet giants. Kakao, the operator of Korea’s most-used messenger app, is the most-shorted stock in September as lawmakers voiced concerns over its market dominance — a ...

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China defends tech crackdown in meeting with Wall Street chiefs

Bloomberg China’s top regulators defended their market-roiling crackdown on various industries in a meeting with Wall Street executives, while reassuring them the stricter rules aren’t aimed at stifling technology companies or private sector. China Securities Regulatory Commission Vice Chairman Fang Xinghai said recent actions were to strengthen regulations for companies with consumer-facing platforms, and improve data privacy and national security. ...

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