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Default legacy haunts Argentina as German suit looms large

  Bloomberg Argentina is about to find itself in yet another legal dispute with disgruntled creditors. A group of European investors who own defaulted Argentine debt plan to sue the country in Germany as soon as next month after they were excluded from a settlement offer, said Jakob Heichele, a Munich-based attorney at a law firm that bears his name ...

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Brexit may spark ‘substantial’ London home correction: UBS

  Bloomberg London’s housing market faces severe price declines if the U.K.’s vote to leave the European Union triggers an extended period of economic weakness, according to UBS Group AG. A severe recession could halt the “unsustainable price growth fueled by ample liquidity and tight supply,” UBS said in a report accompanying its Global Real Estate Bubble Index. London is ...

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Fizzy drinks maker bitter over UK sugar tax

  London / AFP Soft drinks giant A.G. Barr, maker of Scotland’s famous Irn-Bru fizzy drink, slammed the British government Tuesday over its proposed sugar tax against obesity, as it reported falling sales. Barr — whose brands include carbonated drink Tizer and Rubicon juices — said there had been a move towards sugar-free drinks in the face of “negative media ...

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