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Yields across government bonds slipped for a second straight day after data showed U.S. retail sales fell more than expected in January, dropping 0.9% last month after an upwardly revised 0.7% increase in December.
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News and Media
The Reserve Bank of India fined Shriram Finance, Nainital Bank, and Ujjivan Small Finance Bank for not adhering to regulatory guidelines. Nainital Bank was fined Rs 61.40 lakh for issues with interest rates and customer service, Ujjivan received a Rs 6.70 lakh fine for not issuing loan agreements, and Shriram Finance was penalized Rs 5.
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News and Media
Federal workers nationwide reacted with confusion and anger to the Trump administration's order to lay off probationary employees. This aggressive move, aimed at shrinking the federal workforce, impacted employees across various states and departments. Some were mistakenly fired despite having accepted buyouts. Unions are challenging the terminations, and the chaotic firings have sparked widespread concern.
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News and Media
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