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India bank unions ask RBI to withdraw compromise settlement for wilful defaulters

By Siddhi Nayak MUMBAI (Reuters) – Two of India’s largest bank employee unions on Tuesday urged the central bank to review and withdraw its recent decision to allow compromise settlements for wilful defaulters saying that such a move would hurt the integrity of the banking system. Last week, the Reserve Bank of India (RBI) released …

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Sudan’s warring factions not taking advantage of talks to achieve agreed truce -US

By Daphne Psaledakis, Simon Lewis and Nafisa Eltahir WASHINGTON/CAIRO (Reuters) -Sudan’s warring factions are not taking advantage of talks initiated by the United States and Saudi Arabia meant to yield a permanent ceasefire as they originally agreed, a senior U.S. State Department official said on Tuesday. The United States is consulting with Saudi Arabia and …

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India says Dorsey claim it threatened Twitter shutdown a ‘lie’

By Shilpa Jamkhandikar, Aditya Kalra and Kanishka Singh NEW DELHI/WASHINGTON (Reuters) -India threatened to shut down Twitter in the country unless it complied with orders to restrict accounts critical of the handling of farmer protests, its co-founder Jack Dorsey said, a charge Prime Minister Narendra Modi’s government called a “lie”. Dorsey, who quit as CEO …

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Ex-Julius Baer employees win appeal over British ban

By Sam Tobin LONDON (Reuters) -Three former employees of Swiss private bank Julius Baer on Tuesday won an appeal against a proposed lifetime ban from working in finance as London judges castigated Britain’s markets watchdog for disclosure failings. The Financial Conduct Authority (FCA) fined the bank’s London-based subsidiary in November for facilitating finder’s fees – …

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EU regulators may demand Google to sell part of ad-tech business – source

By Foo Yun Chee (Reuters) – European Union antitrust regulators may order Alphabet Inc’s Google to sell a part of its advertising-technology business, a source with direct knowledge of the matter told Reuters on Monday. The EU’s top antitrust watchdog, the European Commission, could issue a formal charge sheet against Google as early as Wednesday, …

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Appetite grows for mergers and acquisitions in Latin America: study

By Aida Pelaez-Fernandez MEXICO CITY (Reuters) – Latin America is increasingly seen as an attractive market for mergers and acquisitions (M&A), with the ongoing U.S.-China trade spat helping to whet investor appetite for opportunities in the region, a KPMG survey of executives showed on Monday. The survey of nearly 400 executives across 14 countries globally …

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