Bloomberg Puerto Rico’s federal oversight board voted unanimously to allow for the government’s electric utility to file for bankruptcy after rejecting a longstanding debt-restructuring agreement with creditors, threatening to impose steep losses on bondholders and insurance companies. The decision promises to upend years of negotiations by the Puerto Rico Electric Power Authority, known as Prepa, with hedge funds, mutual funds …

Bloomberg Scandal-hit Japanese Prime Minister Shinzo Abe faces one of the biggest tests of his four and a half years in power, after his ruling party lost to an upstart outfit in an election for Tokyo’s assembly. The Liberal Democratic Party (LDP) as projected to win its lowest number of seats ever in the capital in a poll that can be …

BEIRUT / DAMASCUS / Reuters Three car bombs exploded in Damascus on Sunday, state media said, killing at least seven people in the first suicide bombings in the Syrian capital since extremists attacked in March. A police officer at the scene of one of the blasts put the death toll there at seven with 13 more people wounded. The Syrian …