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Hedge fund Elliott Management identifies its biggest worry

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In a new letter to investors, executives of the hedge fund Elliott Management warned that rapid inflation is their biggest concern in the current environment, adding that such a spike would not only collapse bond prices, but potentially lead to a stock market crash.

Standard Charted spooks markets

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Standard Chartered roiled credit markets in Europe on Tuesday, when the bank broke with convention by saying it wouldn’t buy back its junior bonds at the first opportunity.

Court hears banker ordered food for murder victim

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British investment banker Rurik Jutting acted rationally before and after he killed two Indonesian women in his luxury Hong Kong apartment, ordering food for one victim and calling his mother after the killings, the prosecution said on Wednesday.

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