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RBA’s Bullock Rules Out Further Rate Cuts, Sends Yields Soaring

Australia’s central bank Governor Michele Bullock called an end to a truncated easing cycle as policymakers gauge whether a pickup in inflation requires an extended interest-rate pause or a switch to tightening.

By Swati Pandey

Abra Group Confidentially Submits Draft IPO Registration to SEC

Abra Group announced that it confidentially submitted a draft registration statement with the Securities and Exchange Commission for a proposed initial public offering of its ordinary shares in the US.

Democratic Lawmakers Call For Probe of Genesis Bankruptcy Sale

Democratic lawmakers called on a Dallas bankruptcy court to appoint an independent examiner to investigate nursing home giant Genesis Healthcare Inc.'s selection of an insider to buy its assets.

Carlyle Is Said to Lead Bidding for Japan’s Hogy Medical

US buyout firm Carlyle Group Inc. has emerged as the frontrunner to acquire Hogy Medical Co., people with knowledge of the matter said, in a potential takeover that’s set to add to a Japanese dealmaking boom.

Famed Bear Michael Burry Says He’s Bullish on Fannie and Freddie

Michael Burry, the money manager made famous in The Big Short, says he holds sizable positions in both Fannie Mae and Freddie Mac common stock and believes a re-listing of the US housing-finance giants is “nearly upon us.”

CFTC Deepens Crypto Push With Approval of Derivatives Collateral

The Commodity Futures Trading Commission will allow Bitcoin, Ether, and the dollar-pegged stablecoin USDC to be used as collateral for derivatives trades, a decision that pushes crypto deeper into the plumbing of US finance.

Chicago Mayor Floats Higher Employee Tax on Fewer Companies

Chicago Mayor Brandon Johnson is floating changes to his corporate head tax proposal as he and the city council are at an impasse over how to close a nearly $1.2 billion deficit.

Blackstone Venture to Buy Hawaii Property Owner for $1.5 Billion

A joint venture between Blackstone Inc.’s real estate business, MW Group and DivcoWest struck a deal to purchase a Hawaiian commercial property owner Alexander & Baldwin Inc. in a $1.5 billion all-cash deal.

Morgan Lewis Recruits Pair of Dubai Corporate Partners

Victoria Ferres and Sami Ben Dechiche joined Morgan Lewis as investment management partners in Dubai, the firm announced Monday.

Ex-Slync CEO’s Wire Fraud Convictions, Sentence Upheld on Appeal

The co-founder and former CEO of Dallas-based logistics software startup Slync Inc. lost on Monday an appeal to undo convictions for misleading investors and misappropriating company funds.