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Indian regulators mull exemptions for recent AIF investment rules – sources

By Jayshree P Upadhyay (Reuters) – India’s central bank and market regulator are considering exemptions to recently tightened rules for bank investments in alternate investment funds (AIFs) due to their unintended consequences, three sources with direct knowledge of the matter said. Last month, the Reserve Bank of India (RBI) ruled that banks and non-bank lenders …

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Pakistan tells Iran it wants to build trust after tit-for-tat strikes

By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan expressed its willingness to work with Iran on “all issues” in a call between their foreign ministers on Friday after both countries exchanged drone and missile strikes on militant bases on each other’s territory. The tit-for-tat strikes by the two countries are the highest-profile cross-border …

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US Congress passes bill to avert government shutdown, sends it to Biden

By Richard Cowan and Makini Brice WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday approved a stopgap bill to fund the federal government through early March and avert a partial government shutdown, sending it to President Joe Biden for final approval. The measure passed 314-108, with 106 Republicans and two Democrats in opposition. Earlier …

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US bill to avert gov’t shutdown secures enough votes to pass House

WASHINGTON (Reuters) – A bill to avert a partial U.S. government shutdown secured enough votes to pass in the House of Representatives on Thursday, hours after the Senate passed it. Voting was still underway. (Reporting by Makini Brice, Richard Cowan and Kanishka Singh in Washington)