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While the American central bank is expected to cut interest rates by 25 basis points, the near-term market trend will depend on the commentary by Fed chair Jerome Powell on the direction of the rates.
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Additionally, the regulator prohibited overseas funds from hedging ODIs with derivative positions on Indian stock exchanges. Furthermore, Sebi asked foreign portfolio investors (FPI) issuing ODIs to obtain ownership information of all the investors holding such instruments.
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Grubhub has agreed to pay $25 million and stop alleged practices including misleading consumers on feeds under a proposed settlement with the Federal Trade Commission.
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