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Leader plots exit to save Bulgaria’s government

Bloomberg Bulgarian Prime Minister Boyko Borissov is considering stepping down after a month of anti-corruption protests but wants to keep his governing coalition intact until its term expires next year. Borissov, who’s resigned twice before in on-and-off stints as prime minister over the past decade, said he’ll discuss his possible withdrawal with coalition partners to preserve the government. Still, Bulgaria ...

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PBOC’s attempt to exit crisis mode faces a $500 billion test

Bloomberg China’s banks need about $500 billion in fresh liquidity this month to roll over existing debt and buy government bonds, complicating the People’s Bank of China’s efforts to exit crisis measures. Monetary policy makers have been signalling for weeks that abundant funding made available to tide the world’s second-largest economy through the coronavirus slump will soon be reined in, ...

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Japan banks on track for profit goals despite bad-loan setback

Bloomberg It’s early days, but Japan’s biggest banks are broadly on course to meet their modest profit goals this fiscal year after bad-loan costs remained within their expectations in the first quarter. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. all saw quarterly profit decline after increasing provisions for soured debts during Japan’s ...

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