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Templeton’s Sekhon on India’s Tax Reform

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Manraj Sekhon, CIO of Templeton Global Investments, says India’s consumption tax cuts is a positive move, noting that price elasticity is higher in India compared to the US or China. He speaks exclusively on Bloomberg’s ‘Insight with Haslinda Amin’. (Source: Bloomberg)



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Funding & Business

US Services Activity Expands on Acceleration in Orders

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The Institute for Supply Management’s index of services rose 1.9 points to 52. The figure topped all but one estimate in a Bloomberg survey of economists. Mike McKee reports on “Bloomberg Open Interest.”



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Funding & Business

US Stocks Climb as Soft Jobs Data Pressures Yields, Helps Tech

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US stocks opened slightly in the green on Thursday as data signaled a softening labor market, supporting interest-rate cuts. Tech stocks climbed, even after a string of disappointing earnings, with yields on 10-year Treasuries falling to the lowest since early May.



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Funding & Business

Citi Hands BlackRock $80B Assets in Wealth Deal

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Citigroup is entrusting BlackRock with tens and billions of dollars of clients’ investments in a move that will outsource more of its wealth unit’s offerings. Citi doesn’t have an in-house asset management platform and is now doubling down on the advisory side of its business, reports Bloomberg’s Todd Gillespie. (Source: Bloomberg)



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