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Argentina default plan burns traders who trusted local debt

Bloomberg In Argentine trading circles, a consensus had emerged of late that the government was likely to treat some local creditors the same way it would treat those who own its foreign bonds when widely anticipated restructuring talks finally got underway. In fact, dollar-denominated bonds issued in the local market were trading just a few weeks ago at almost the ...

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Italy’s reopening advances in test for Europe’s virus exit

Bloomberg Italy is advancing plans to gradually lift restrictions to contain the coronavirus as Europe’s exit from stringent lockdown measures takes shape. Amid tense discussions weighing political and economic pressures against public-health concerns, Prime Minister Giuseppe Conte’s government is hammering out an approach that foresees the full return to normal life taking months, according to people directly involved in the ...

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Trump says he’s considering a hold on US funding for WHO

Bloomberg President Donald Trump said he’s considering putting a “hold” on US funding for the World Health Organization (WHO) after the agency “blew it” by failing to sound the alarm sooner about the coronavirus. “I’m not saying I’m going to do it, but we’re going to look at it,” the president said at a White House briefing on the coronavirus. ...

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