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IMF cuts financial life to Maduro

Bloomberg As Nicolas Maduro steps up his search for cash overseas, another door is slamming shut. The International Monetary Fund suspended the Venezuelan leader’s access to almost $400 million of special drawing rights (SDR), citing political chaos since National Assembly President Juan Guaido claimed in January that he was the nation’s rightful leader, said two people familiar with the matter. ...

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Russia to release jailed US investor before trial

Bloomberg Russia’s Investigative Committee has requested that Baring Vostok Capital Partners founder Michael Calvey be moved to house arrest after two months in a Moscow jail in a closely watched case that’s shocked investors. Calvey’s next hearing is scheduled for Thursday in Moscow, when the Investigative Committee’s petition will be presented, court spokeswoman Yunona Tsareva said. Three other defendants linked ...

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Stocks edge higher before Fed minutes; bonds rise

Bloomberg US stocks edged higher, while Treasuries advanced as investors weighed key developments that continue to raise doubts about the strength of the global economy. The S&P 500 clung to a slight gain as an unexpectedly soft inflation reading potentially boosted the Federal Reserve’s new wait-and-see approach to rate hikes. Minutes from the central bank’s last policy meeting when it ...

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