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  Bloomberg The level of inflation Bank of Russia Governor Elvira Nabiullina just deemed ‘ unacceptable’ is looking better by the day. So much so that its failure to accelerate in May could force the central bank’s hand to ease policy for the first time in almost a year when it reviews interest rates this week. Price growth was unchanged ...

  Bloomberg The Philippine central bank is expanding its cyber-security unit, placing banks and money changers under tighter scrutiny, and will start to regulate digital currencies to ward off laundering and technology crimes. Bangko Sentral ng Pilipinas will tighten its oversight of foreign-exchange dealers and remittance companies in the next two to three months, Deputy Governor Nestor Espenilla told a ...

  ALKESH SHARMA / Emirates Business The Middle East remains a key market for the growth of global yacht industry. According to well-placed survey reports, nearly 55 percent of region’s ultra-wealthy buy superyachts, and it is the highest proportion of any global market. “The 55 percent ‘propensity to buy’ for the Middle East is the highest of all regions,” said ...

  RITIKA SHARMA / Emirates Business As the Small and Medium Enterprise (SME) industry takes center-stage in the economy of the UAE, entrepreneurs are looking for fresh territories to venture into and start their businesses. According to a recent report that accessed the industries explored by budding entrepreneurs in the GCC region, Finance and Technology (Fintech) and e-commerce have emerged ...

  Bloomberg Federal Reserve Bank of Boston President Eric Rosengren said he expects U.S. economic conditions to continue improving, making further rate increases appropriate, although it will be important to see whether a weak employment report for May proves to be an anomaly. “Lately the economic data have been choppy,” Rosengren said in the text of a speech prepared for ...

  Bloomberg Economic growth will slacken in 2016 to its slowest pace in four years as uncertainty about the presidential election weighs on the outlook, according to a survey of forecasters by the National Association for Business Economics. They see gross domestic product expanding 1.9 percent this year on a fourth quarter-to- fourth quarter basis. That’s down from a projected ...

  Bloomberg Exxon Mobil Corp. may invest more than $10 billion as it transplants the U.S. shale-drilling model to Argentina’s Vaca Muerta region in the next few decades, Chairman and CEO Rex Tillerson said. The oil giant has so far invested $200 million in the world’s second-largest shale gas deposit and plans to invest another $250 million in coming months ...

  Bloomberg Two of Brazil’s biggest education companies are facing off in a quest to merge with Estacio Participacoes SA, the country’s second-largest for-profit firm. Ser Educacional SA sent a non-binding proposal to combine with Estacio, a deal that would create the largest education group focused on in-person private higher-education in Brazil, the company said on Sunday in a corporate ...

  Bloomberg A gauge of the dollar partially rebounded after incurring its biggest loss since February on weaker-than-forecast payrolls data that doused speculation the Federal Reserve will raise interest rates in the coming months. The U.S. currency remained near a three-week low against major peers touched Friday, when a Labor Department report showed employers in May added the least number ...

  Bloomberg Saudi Arabia, the world’s largest crude exporter, raised pricing on most oil grades for sale to Asia and the U.S. in July after the nation’s energy minister said demand was robust. State-owned Saudi Arabian Oil Co. increased its official selling price for Arab Light crude by 35 cents a barrel to 60 cents more than the regional benchmark ...