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CAP

India’s Growth Surprise Lowers RBI Rate-Cut Odds, Economists Say

India’s unexpectedly strong economic growth last quarter has reduced chances of an interest rate cut at this week’s central bank’s policy meeting despite record-low inflation.

India’s unexpectedly strong economic growth last quarter has reduced chances of an interest rate cut at this week’s central bank’s policy meeting despite record-low inflation.
Bloomberg Markets • Dec 1, 5:53 AM
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India Strong Growth Lowers RBI Rate-Cut Odds, Economists Say

India’s unexpectedly strong economic growth last quarter has reduced chances of an interest rate cut at this week’s central bank’s policy meeting despite record-low inflation.

India’s unexpectedly strong economic growth last quarter has reduced chances of an interest rate cut at this week’s central bank’s policy meeting despite record-low inflation.
Bloomberg Markets • Dec 1, 5:53 AM
CAP

HK Insurers May Face Record Claims From Deadly Fire

Hong Kong is mourning the victims of the residential tower fire that left at least 146 people dead.

Hong Kong is mourning the victims of the residential tower fire that left at least 146 people dead. Bloomberg Intelligence thinks the city's insurers may be facing record claims. Senior industry analyst, Steven Lam, spoke with David Ingles and Yvonne Man on Bloomberg's The China Show. (Source: Bloomberg)
Bloomberg Markets • Dec 1, 5:12 AM
MA

Ballston Spa Bancorp and NBC Bancorp Enter Merger Agreement Valued at $26 Million

Ballston Spa Bancorp, Inc. has announced a merger with NBC Bancorp, Inc. under a deal that values NBC at approximately $26 million. Shareholders of NBC will receive 0.8065 shares of Ballston Spa stock for each share they own, with the transaction expected to close following shareholder approval.

In a significant development in the banking sector, Ballston Spa Bancorp, Inc. and NBC Bancorp, Inc. have entered into a merger agreement, effectively combining their operations and creating a stronger financial institution. The merger, which was formalized on September 23, 2025, will see NBC merge with and into Ballston Spa, with Ballston Spa as the surviving entity. Following this, NBC's wholly-owned subsidiary, The National Bank of Coxsackie (NBC Bank), will merge into Ballston Spa National...
USFM • Dec 1, 4:50 AM
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HK's Cheng Said To Seek Sale of Some Rosewood Hotels

Bloomberg has learnt that Hong Kong tycoon Henry Cheng is seeking buyers for properties in the family’s luxury Rosewood Hotel Group as the billionaire clan races to overcome liquidity challenges at its real estate unit, New World Development.

Bloomberg has learnt that Hong Kong tycoon Henry Cheng is seeking buyers for properties in the family’s luxury Rosewood Hotel Group as the billionaire clan races to overcome liquidity challenges at its real estate unit, New World Development. (Source: Bloomberg)
Bloomberg Markets • Dec 1, 4:49 AM