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Big M&A deals seen keeping corporate borrowing spree alive

Bloomberg Get ready for what could be another record year for corporate borrowing. The US tax overhaul is freeing up cash for companies and the Federal Reserve is hiking rates, but chief financial officers are still eager to borrow, UBS strategists wrote. The Swiss bank and Wells Fargo both expect businesses to sell as much US investment-grade and junk bond ...

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Infrastructure spending won’t transform America

“MASON CITY. To get there you follow Highway 58, going northeast out of the city, and it is a good highway and new.“ —Robert Penn Warren, “All the King’s Men” (1946) Appropriately, Warren began the best book about American populism, his novel based on Huey Long’s Louisiana career, with a rolling sentence about a road. Time was, infrastructure — roads, ...

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Making Singapore homes great again for nation’s banks isn’t easy

The best start to a year since 2014 in Singapore’s property market seems to have finally lifted the spirits of investors in its banks. A 37% jump in new home sales in January ought to be making lenders optimistic about what the Year of the Dog holds for their all-important mortgage businesses. Yet when the property data were released Wednesday, ...

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