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US PCE Inflation Eases, Personal Spending Falls in Dec.

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Sri Lanka Prepares to Elect New President

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Lawmakers in Sri Lanka will be electing a new president to replace Gotabaya Rajapaksa, who fled the country and resigned.

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Credit Suisse Crisis: What Comes Next?

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In an effort to stem a crisis of confidence that send shockwaves through the global financial system, Credit Suisse tapped the Swiss National Bank for as much as 50 billion francs ($54 billion). Bloomberg’s Francine Lacqua reports on what might happen next for the troubled lender.

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China to Stick With Covid Controls

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China says it will “unswervingly” adhere to its current Covid controls as the country faces increasingly serous outbreaks. Stephen …

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HSBC Under Attack From China Upstart It Put on the Map

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China’s Ping An Insurance Group Co. is urging HSBC Holdings Plc Chairman Mark Tucker to consider options including breaking the firm apart and listing its Asian operations separately on the stock market. In a recent private memo, the Shenzhen-based financial giant listed a number of perceived management failures at HSBC, from underwhelming returns to swelling costs. Harry Wilson reports on “Bloomberg Markets: Europe.”

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U.S. Economy Expands at Record 33.1% Pace in 3Q

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Oct.29 — The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer — reversing much of the collapse stemming from coronavirus lockdowns. Gross domestic product grew 7.4% from the prior period, a quarterly gain that equals an annualized pace of 33.1%. Mike McKee reports on “Bloomberg Surveillance.”

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