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Passed in 2024 and set to take effect this July, the law bans certain so-called swipe fees on the tax and tip portions of customers bills, with a goal of lowering how much credit card companies can charge retailers.
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News and Media
Asian stocks are hovering near record highs. Investors await key US jobs data. Weak retail sales have increased expectations for Federal Reserve rate cuts this year. Treasury futures are holding gains. Gold prices are edging up. The US jobs report and inflation figures will provide clues on future rate paths. Tech firms' AI spending is a concern.
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News and Media
Three major public sector companies, HUDCO, NaBFID, and SIDBI, are set to raise a significant 13,500 crore from the corporate bond market. This move comes as wholesale bank lending rates show signs of easing. Investors will be closely watching NaBFID's 4,000 crore bond sale. This borrowing activity highlights the companies' strategy to tap into the bond market for funding.
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News and Media
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