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Russia plans $80bn borrowing spree despite sanctions scare

Bloomberg Russia’s Finance Ministry laid out its most ambitious borrowing programme yet with a plan to raise almost 5 trillion rubles ($80 billion) domestically over the next three years, even as warnings sound over the global buildup of debt and foreign investors turn cautious after US sanctions. Under the terms of a draft plan for 2019-2021, the government will borrow ...

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Donald Trump attacks Pfizer over drug cost

Bloomberg President Donald Trump said Pfizer Inc. should be ‘ashamed’ for raising the prices of its pharmaceutical products, briefly rattling shares of the US drug giant. “Pfizer & others should be ashamed that they have raised drug prices for no reason,” Trump said in a tweet. “They are merely taking advantage of the poor & others unable to defend themselves, ...

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Groupon surges on report it is looking for a buyer

Bloomberg Groupon Inc. surged in premarket trading after a report that the discount-slinging website is actively seeking a buyer. The merchandise and voucher vendor has approached several public companies in recent weeks to try to drum up interest in a sale, Recode reported, citing two people it said were briefed on the effort and without identifying the companies involved. Chicago-based ...

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