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Spain to slap temporary taxes on banks, power firms as inflation bites

By Belén Carreño and Jesús Aguado MADRID (Reuters) -Spain will hit power companies and banks with temporary taxes that should rake in 7 billion euros ($7.02 billion) in 2023-2024 to.

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Hong Kong needs to allow free travel to retain financial hub status – report

By Scott Murdoch HONG KONG (Reuters) – Hong Kong needs to allow financial sector employees to travel freely to retain its global investment and banking hub status, an industry report.

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Economy News

India’s high inflation to stick for longer, rates to rise more

By Arsh Tushar Mogre and Devayani Sathyan BENGALURU (Reuters) -India’s inflation will hold above the top of the central bank’s tolerance band for at least the rest of 2022, longer.

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Business Economy News

Australian BNPL star Zip pulls buyout of rival amid tech rout

By Byron Kaye and Indranil Sarkar (Reuters) -Australian buy-now-pay-later (BNPL) firm Zip Co Ltd dumped a buyout of U.S. rival Sezzle Inc three weeks after declaring the deal on track,.

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Business Economy News

Japan’s wholesale prices extend brisk gains as weak yen inflates import costs

By Leika Kihara TOKYO (Reuters) -Japan’s yen-based import prices surged at a record pace in June, data showed on Tuesday, keeping wholesale inflation elevated as the currency’s sharp slump continued.

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RBI paves way for global trade settlement in rupee

The central bank’s move has come in the wake of increasing pressure on the Indian currency in the wake of Russia’s invasion of Ukraine and sanctions by the US and.

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Will continue to calibrate our policies, says RBI Governor

Supply outlook favourable, inflation may ease in FY23 second half, said Das. RBI Governor Shaktikanta Das on Saturday said inflation is likely to ease gradually in the second half of the ongoing.

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BOJ’s Kuroda warns of high economic uncertainty, repeats easy policy bias

By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday warned of “very high uncertainty” over the economic outlook and stressed anew the central bank’s readiness.

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Business Economy News

Supply outlook favourable, inflation may ease in FY23 second half: Das

With the origins of this inflation being essentially in the supply side, energy and food prices account for over 50 per cent of the rise in prices, the Reserve Bank.

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Economy News

Sebi eyes bringing MF unit deals under insider trading rules

Moreover, Sebi wants connected persons to disclose their transactions and holdings in mutual funds, or those of their immediate relatives every quarter. The Securities and Exchange Board of India (Sebi).

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