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U.S. targets ’08 crisis trader conflicts in new rule, decade after 1st try

By Douglas Gillison WASHINGTON (Reuters) -Wall Street’s top regulator on Wednesday unanimously voted to propose a rule barring traders in asset-backed securities from betting against the very assets they sell to investors, behavior that became infamous in the wake of the 2008 global financial crisis. The rule is among the last to be adopted under …

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Factbox-When might the U.S. default? Timeline of key events in debt limit battle

By Gram Slattery and Karen Brettell (Reuters) – Just days into a new sitting of the U.S. Congress, lawmakers are confronting what will be perhaps the most pivotal legislative issue of 2023: the national debt limit. Here are some key moments in the months ahead: FEB. 1 The Treasury Department will release a quarterly document …

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Maybank, ADIA snap up shares in Adani’s secondary share offering

By Aditya Kalra and Chris Thomas NEW DELHI (Reuters) – Marquee investors Maybank Securities and Abu Dhabi Investment Authority picked up stake in Adani Enterprises’ $2.45 billion secondary share offering on Wednesday, which coincided with a short-seller report that slammed the shares of Adani Group companies. The anchor portion of the share sale, India’s largest …

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North Korea locks down capital city over ‘respiratory illness’

SEOUL (Reuters) -Authorities in the North Korean capital Pyongyang have ordered a five-day lockdown due to rising cases of an unspecified respiratory illness, the Russian embassy and Seoul-based NK News reported on Wednesday, citing a government notice. The notice, shared by the embassy on its Facebook page, said that a “a special anti-epidemic period has …

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