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US, India in Talks on Deal That May Cut Tariff Below 20%

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The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable position against its peers in the region.



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Funding & Business

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

RBC's Carrier on Outlook for Jobs Report, Fed Rates

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RBC’s Frederique Carrier says “all eyes” are on the nonfarm payroll figures that will come out of the US on Friday. “We expect about 64,000 new jobs, so just below consensus,” Carrier tells Bloomberg Television. She also talks about the Federal Reserve’s interest rate-cutting prospects, saying RBC expects a cut in December “for sure.” (Source: Bloomberg)



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Funding & Business

Blackstone, State Street Set to Launch Active European CLO ETF

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Blackstone Inc. and State Street Investment Management are joining forces to launch an exchange-traded fund tracking European collateralized loan obligations, a move that comes as private markets seek to widen their investor base.



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