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Chile junk bonds surge

  Bloomberg Bond investors are giving Chile’s Masisa SA a vote of confidence as the wood-panel maker unloads assets, pays debt and becomes less reliant on Venezuela. Its $200 million of notes due in 2019 have returned 27 percent in 2016, almost twice the average for emerging-market corporate debt. The junk-rated securities sank to a record low last year on ...

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Dutch take Pokemon Go makers to court as gamers flood beaches

  The Hague / AFP Dutch authorities are taking the US makers of Pokemon Go to court, after the company failed to meet pleas to stop hordes of fans flocking to protected beaches. Since the game was launched in The Netherlands, thousands of fans have been crowding the vast, windswept beaches of Kijkduin where hundreds of the game’s most popular ...

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MoF and EDB sign deal to finance innovation

  Dubai / WAM The Ministry of Finance (MoF) recently signed an agreement with the Emirates Development Bank (EDB) on the Sheikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation, aimed at supporting the UAE’s transition to a knowledge- based economy and achieving prosperity and sustainability for the country. Saeed Rashid Al Yateem, Assistant Under-Secretary of Resources and Budget Sector ...

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