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GOP bill’s fate teeters on new financial analysis

Bloomberg House Republicans are waiting anxiously for a new financial estimate on Wednesday on their Obamacare repeal proposal that could force them into an embarrassing do-over on the bill they barely passed early this month. Speaker Paul Ryan says he is uncertain about the nonpartisan Congressional Budget Office analysis of the measure’s budget impact — critical for meeting Senate rules ...

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Mexico oil reform advances with first private well in 80 yrs

Bloomberg For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters — the latest step in the country’s drive to allow foreign competitors back into its energy markets. A joint venture of London-based Premier Oil Plc, Houston’s Talos Energy LLC and Mexico’s Sierra Oil & Gas began drilling the ...

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China’s deleveraging puts yuan closer to a free float

China’s financial markets are fascinating to watch these days. Efforts by officials to decrease the nation’s enormous debt pile without destabilizing domestic markets are having profound consequences, most visibly in the bond market, where the yields on short-term debt have risen above those on longer maturities for the first time. The implications are more than just academic. In fact, they ...

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