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Amazon appeals Future arbitration halt

  Bloomberg Amazon.com Inc.’s Indian unit petitioned the country’s Supreme Court against a halt on an arbitration case against Future Retail Ltd.’s asset sale to Reliance Industries Ltd., according to people familiar with the filing. Amazon urged the top court to lift the halt ordered on Jan. 5 by a high court and is likely to seek an early hearing ...

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Putin’s troops help secure Kazakhstan after protests

  Bloomberg Kazakh forces, backed by Russian-led troops, are pressing ahead with operations to restore control after crushing the biggest protests in the central Asian nation in decades. About 5,800 people, including foreigners, have been detained since the demonstrations erupted, and law enforcement is carrying out raids throughout the country, the Kazakh presidential administration said on its website Sunday. Dozens ...

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US’s Blinken offers stern words for Russia ahead of Ukraine talks

  Bloomberg Secretary of State Antony Blinken stepped up the Biden administration’s sharp rhetoric against Russia ahead of talks meant to ease tensions over Ukraine, accusing Moscow of using military threats, disinformation and targeted killings to build a sphere of influence beyond its borders. “No one should be surprised if Russia instigates a provocation or incident then tries to use ...

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Biden says fortify democracy as focus shifts to voting rights

  Bloomberg President Joe Biden called for vigilance in protecting US democracy in a tribute to former Senate Majority Leader Harry Reid as he seeks to rally Democrats behind voting-rights legislation. “Harry knew better than most how difficult democracy is, that the idea of America itself is under attack,” Biden said during a memorial service for the longtime Nevada senator ...

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US troops in Japan to limit movement on Covid

  Bloomberg Japan and the US have agreed that US forces stationed in Japan won’t leave their bases except for essential reasons in an effort to stem the spread of Covid-19 cases, Japanese Prime Minister Fumio Kishida said Sunday. His comments came as areas hosting or close to U.S. bases saw some of the biggest increases in infections on a ...

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It’s possible public servants won’t get raises: Bolsonaro

  Bloomberg Brazil President Jair Bolsonaro floated the possibility that public servants won’t receive a raise for the fourth year in a row, dismissing pressure by workers that has led to cargo holdups and work slowdowns. “It could be that there is no adjustment for anyone,” Bolsonaro said in Brasilia. “Anything is possible,” he added, emphasizing that raises aren’t a ...

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PBOC seen front-loading policy action amid economic threats

  Bloomberg China’s central bank has fuelled expectation it will ease monetary policy early this year with its vow to take proactive action to stabilise growth in 2022. A growing number of economists are predicting the People’s Bank of China (PBOC) will cut banks’ required reserves as well as policy interest rates in the first quarter, as fresh pandemic outbreaks ...

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HSBC’s private bank lures $3.2 billion into alternatives

  Bloomberg HSBC Holdings Plc’s private bank raised a record of about $3.2 billion for alternative investments from its clients globally in 2021, a jump of nearly 40% from the previous year, as the wealthy look to escape volatility and diversify their portfolios. Clients in Asia, where HSBC is targeting wealth management as a growth engine, added $1.9 billion for ...

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BOC set to keep Canadian dollar riding high into 2022

  Bloomberg The Canadian dollar is closing out 2021 as the only major developed-market currency to advance against the dollar, and a hawkish central bank in Ottawa should support the loonie further in 2022. Markets expect the Bank of Canada (BOC) to be one of the G-10’s most aggressive monetary authorities in tightening policy next year. Traders are currently pricing ...

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