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Hedge funds bet amid 2-month rally

NEW YORK / Bloomberg Hedge funds are the most bullish on Treasury benchmark 10-year notes in two years, as U.S. government securities head for a second straight monthly gain. Large speculators including hedge funds boosted their positions in Treasury 10-year futures to a net 84,659 contracts as of Feb. 23, according to the latest data from the Commodity Futures Trading ...

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Brazil economists lower 2016 inflation forecast

Bloomberg Brazil analysts reduced their 2016 inflation forecast by the most in nearly eight months as the economy sinks into a deeper recession. Economists lowered their 2016 inflation forecast 5 basis points to 7.57 percent, the first cut in nine weeks, according to the weekly Focus survey conducted on Feb. 26. They also forecast the monetary authority will lower its ...

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LatAm’s intervention flop shows markets always win out

BLOOMBERG Latin America’s policy makers are finding out they can’t fight the market. Colombia saw its peso rise last Monday after announcing a mix of currency, fiscal, and monetary measures, only for it to succumb to an emerging-market selloff later in the week. Argentina’s dollar sales failed to stop the peso falling every other day last week, and investors say ...

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Clinton allies gather ammo to blunt Trump nomination

Columbia / AP Hillary Clinton, fresh off her South Carolina primary landslide, is shifting her focus to Republican front-runner Donald Trump as her party seeks consensus on the best ways to challenge the billionaire’s unpredictable nature in a general election campaign. As Clinton nears the 11 state contests to be decided on Super Tuesday this week, allies of the former ...

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Trump in hot water over ‘white supremacist call’

Leesburg / AP Republican presidential front-runner Donald Trump is drawing criticism for refusing to denounce an implicit endorsement from a white supremacist leader, with his main rivals, Sens. Ted Cruz and Marco Rubio, using the matter to hammer the billionaire businessman just two days before multiple state primaries could put him on an irreversible path to the party’s nomination. Trump ...

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Ireland’s divided lawmakers mull awkward pacts, 2nd vote

Dublin / AFP Ireland’s election has produced a parliament full of feuding factions and no obvious road to a majority government, spurring lawmakers to warn that the country could face a protracted political deadlock followed by a second election. For the first time in Irish electoral history, the combined popular vote on Friday for Ireland’s two political heavyweights — the ...

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Desperate migrants protest at Greece-Macedonia border

Idomeni / AFP Stranded migrants lay with their children on rail tracks at Greece’s northern border, demanding to be allowed to continue their journey, as Germany warned that Europe cannot let the country “plunge into chaos”. German Chancellor Angela Merkel was speaking as Athens said that the number of migrants trapped in Greece could triple after Balkan countries announced a ...

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UN eyes Syria aid deliveries as ceasefire enters day three

Damascus / AFP The United Nations prepared to deliver aid to thousands of besieged civilians in Syria on Monday as a fragile ceasefire entered its third day largely intact despite accusations of violations. UN humanitarian coordinator Yacoub El Hillo said the world body hoped to take advantage of the first major truce in five years of conflict to distribute supplies ...

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30 Killed in Somalia restaurant bombings

Mogadishu / AFP At least 30 people have been killed in twin bomb attacks claimed by Shebab extremists at a busy restaurant in the Somali city of Baidoa, the regional governor said on Monday. “The official number of the dead has reached 30 people—all of them civilians—and 61 others have been wounded, 15 of them seriously,” Abdurashid Abdulahi, governor of ...

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UN to send human rights investigators to Burundi

Narobi / AFP The UN said on Monday it will send a team of human rights investigators to Burundi to look into allegations of widespread violations committed during the country’s 10-month long crisis. The three investigators are due to visit Burundi for a week from March 1, the Office of the High Commissioner for Human Rights (OHCHR) said in a ...

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