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More Asian defaults loom in 2017 amid Korea shipyard debt

  Bloomberg As if investors in Asia’s troubled corporate bond markets don’t have enough to worry about, concern is mounting about whether South Korean shipyards will be able to repay record amounts of debt coming due next year. Yields on bonds of Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. have shot up this year. The top ...

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Argentina farmers cheer tax cut as nation jeers slump

  Bloomberg The popularity of Argentine President Mauricio Macri has faded since he took office a year ago, as Latin America’s third-largest economy slid into recession and inflation soared. But his appeal among the nation’s farmers remains as strong as ever. That’s because of the stark difference between Macri and his predecessor, Cristina Fernandez de Kirchner, for an agriculture industry ...

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‘Brexit shapes up to be ‘hard’ six months after vote’

  Bloomberg Six months after Britain voted to leave the European Union, the signs are pointing to a “hard” Brexit, according to a report by 12 academics and policy researchers. The shock decision has united the 27 other EU members to a degree rarely seen, while exposing how divided Britain is, U.K. in a Changing Europe, an EU-funded research program ...

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