Burry exits Alibaba, builds large JD.com position over valuation concerns

The Reserve Bank of India (RBI) on Monday accepted bids worth Rs 25,000 crore in the second tranche of its open market operation (OMO) sale of government securities, as it stepped up efforts to absorb surplus liquidity from the banking system. The RBI accepted Rs 11,512 crore of the 6.10 per cent GS 2031, Rs…

Archer Aviation’s stock is flying higher after the company agreed to buy three business units from Boeing.

The Indian rupee’s gains earlier this month driven by FCNR (B) deposit flows under the Reserve Bank of India’s concessional swap window, reversed by the latter half of September due to the spike in crude oil prices, noted an article on the state of the economy in the central bank’s monthly bulletin.   Commercial banks…

Two Harbors is demanding $25.4 million from United Wholesale Mortgage as the fallout from the acquisition saga heats up. Processing Content Two is seeking the return of the hefty termination fee it paid UWM when it spurned the wholesale giant for CrossCountry Mortgage’s offer earlier this year. The companies appear poised for a lengthy court…

Mexico files criminal complaints in US over migrant deaths in custody

Keystone Property Finance has added special-edition house in multiple occupation (HMO) and multi-unit freehold block (MUFB) products to its range, in a refinement of its buy-to-let (BTL) offering. The new range is priced 0.15% lower than its core products, with rates starting at 3.34%.  Keystone Property Finance has also simplified its fee structure, and now…