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A New York appeals court judge rejected US President-elect Donald Trump's request to postpone his sentencing in the hush money case. The judge declined the request after a brief hearing. Trump's attorneys had argued for a delay based on presidential immunity but were unsuccessful. The sentencing is scheduled for Friday.
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U.S. stocks fell on Tuesday following positive economic data that raised concerns about inflation slowing down the Federal Reserve's monetary policy easing. This decline was driven by unexpected job openings and increased services sector activity. Bond yields rose, affecting technology stocks. Investors are concerned about the impact of possible future tariffs.
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The sector-specific headwinds are expected to inflate operational and credit costs for microfinanciers in the medium term, Ind-Ra said. The rating agency expects asset quality stress for micro finance companies to continue in the near term with tightening of funding by banks and capital raising constraints expected to add to the challenges of the sector.
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News and Media
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