Twitter drops ‘government-funded’ label on media accounts, incl in China

(Reuters) – Twitter dropped the “Government-funded” and “China state-affiliated” labels, which implies government involvement in editorial content, from the accounts of various global media organizations, their profiles showed on Friday. Twitter dropped the “Government-funded Media” label from the accounts of U.S.-based National Public Radio (NPR), British Broadcasting Corp and Canadian Broadcasting Corporation (CBC). It also …

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Indian regulator plans to allow mutual funds with performance-based fees

By Jayshree P Upadhyay (Reuters) – India’s market regulator is planning to permit a new category of mutual fund schemes where asset managers’ charges will partly be linked to performance, according to an official document reviewed by Reuters and a source directly familiar with the matter. As part of the proposal, the Securities and Exchange …

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Bank of England must ‘stay the course’, deputy governor Ramsden says

By David Milliken LONDON (Reuters) -The Bank of England needs to focus on tightening monetary policy sufficiently to control inflation, and ensuring that no “inflationary mentality” develops, Bank of England Deputy Governor Dave Ramsden said in an interview published on Friday. “When I look at where inflation is and where it needs to get to, …

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Credit Suisse bondholders sue Swiss regulator over wipe-out

By Kirstin Ridley, Jahnavi Nidumolu and John Revill LONDON (Reuters) -Investors representing more than 4.5 billion Swiss francs ($5 billion) of Credit Suisse bonds have sued the Swiss regulator after their investments were wiped out during last month’s government-orchestrated rescue. Law firm Quinn Emanuel Urquhart & Sullivan, which is representing the bondholders, said on Friday …

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Britain’s CBI group suspends work as businesses quit over rape allegations

By Iain Withers, Paul Sandle and David Milliken LONDON (Reuters) – The Confederation of British Industry said on Friday that it was suspending all policy and membership work until June, after a slew of businesses quit following a new media report about another alleged rape at the trade association. Major British corporate names including NatWest, …

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Take Five: Into the thick of it

(Reuters) – Investors are gearing up for a busy week ahead, when the bulk of the S&P 500 components report earnings, the dollar could see if it’s regained any forex-appeal and the Bank of Japan’s new governor chairs his first policy meeting. Here’s a look at the week ahead in markets from Lewis Krauskopf in …

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Vanguard bought large banks’ bonds on the cheap during March turmoil

By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during the banking rout in March, taking advantage of cheap valuations, according to a report seen by Reuters. The collapse of two U.S. regional banks last month triggered wild price fluctuations across fixed income markets, with …

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