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Experts are confounded by Puerto Rico bankruptcy Judge Laura Taylor Swain’s debtor-centric interpretation of the Puerto Rico Oversight, Management, and Economic Stability Act. The Puerto Rico Oversight Board’s latest proposed Puerto Rico Electric Power Authority plan of adjustment would give bondholders a payout as little as 0.21%, and a ruling Swain made last week could
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Bitcoin started the week trading around the $28,000 mark, as markets reacted to the news that Silicon Valley Bank was to be acquired. First Citizen Bank agreed to buy approximately $72 billion in SVB assets, at a discounted rate of $16.5 billion. Ethereum continued to trade under $1,800 on Monday. Bitcoin Bitcoin (BTC) started the
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Wisconsin’s Republican legislative majority delivered its latest rebuke to Gov. Tony Evers’ biennial spending plan with their rejection of the Democrat’s $3.8 billion capital plan. The State Building Commission — which includes Evers, four Republican members, two Democrats, and a citizen voting member — rejected all of Evers’ line items at its meeting Thursday in
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Israel’s president Isaac Herzog has implored the government to halt a bitterly contested judicial overhaul, warning that the polarisation it had caused had put “our security, economy, society” under threat. Mass protests erupted across the country overnight with tens of thousands of people taking to the streets after Prime Minister Benjamin Netanyahu sacked his defence
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In this article PACW FRC COIN Follow your favorite stocksCREATE FREE ACCOUNT Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Coinbase — Shares of
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Moody’s Investors Service raised the outlook on Guam to positive from stable on Thursday. The outlook is on the Ba1 rating of the territory’s general obligation, special tax rating, and the Ba2 rating on its certificates of participation rating, all of which were affirmed. The improved outlook stems from Guam’s improved financial position resulting from
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IMF managing director Kristalina Georgieva has warned of increased risks to financial stability and the need for vigilance following the recent banking sector turmoil in advanced economies. Speaking at a conference in Beijing, the IMF head said uncertainties in the world economy remained “exceptionally high”, with global economic growth expected to slow below 3 per
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Top Stories This Week Coinbase could face SEC enforcement action for ‘potential violations of securities law’ Crypto exchange Coinbase received a Wells notice from the United States Securities and Exchange Commission (SEC) suggesting an upcoming enforcement action. According to Coinbase, the “legal threat” could potentially target its staking program, listed digital assets, wallet or Coinbase
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In this article VTY-GB Follow your favorite stocksCREATE FREE ACCOUNT A contractor operates a roller on the construction site of the HS2 Ltd. Old Oak Common super-hub railway station, in view of the Vistry Partnerships regeneration project Oaklands House, in London, U.K., on Wednesday, June 23, 2021. Luke McGregor | Bloomberg | Getty Images Company:
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