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Ukraine bonds rally as PM quits clearing way for overhaul

Bloomberg Ukraine’s bonds rose the most in a month after Prime Minister Arseniy Yatsenyuk resigned, boosting speculation a new cabinet will help end two months of infighting and pave the way for resuming international aid payments. The yield on the eastern European nation’s $1.65 billion note due September 2019 fell 26 basis points to 9.70 percent, the biggest drop since ...

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Hungary’s Orban to scrap Sunday shopping ban to avoid referendum

BUDAPEST / AFP Hungarian Prime Minister Viktor Orban’s cabinet will ask lawmakers to rescind a law that barred all but a few shops from staying open on Sundays, Orban’s chief of staff Antal Rogan told reporters on Monday. The government recognized that most people are opposed to the ban and wants to avoid a referendum called by an opposition party ...

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Tata to sell long-products steel biz to Greybull capital

Bloomberg Tata Steel Ltd., part of India’s biggest conglomerate, agreed to sell its European long-products steel business to Greybull Capital LLP and started the formal sales process to exit the wider U.K. steel industry. The agreement covers its Scunthorpe steelworks in England, as well as mills in Teesside and northern France, according to a statement from the Indian company’s U.K. ...

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