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      India Lets Wealth-Focused Funds With $463 Billion Invest Abroad

      India’s market regulator will allow a $463 billion segment of its portfolio management industry — funds catering to wealthy individuals — to invest in overseas securities and undertake short selling in equity options for the first time as part of a massive overhaul of rules.

      Source: Bloomberg
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud