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China’s economy is getting back to work after shutdowns

Bloomberg China’s economy is beginning to revive, as the government signals progress in battling the coronavirus outbreak that has killed more than 3,100 people and sickened tens of thousands at home. Government controls and the fear of going outside have curtailed consumer spending, and many factories are still not working at full capacity due to clogged logistics systems, a lack ...

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Japan plays catch-up with emergency bill

Bloomberg Two months after Japan confirmed its first case of the new coronavirus, PM Shinzo Abe is finally setting up a legal framework to let him declare a nationwide state of emergency if the outbreak worsens. Like many of Abe’s responses to the crisis — from restricting visitors from virus-hit areas to bolstering the local mask supply — the introduction ...

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Goldman Sachs cuts borrowing for energy funds

Bloomberg Goldman Sachs Group Inc asset managers cut borrowing for two energy funds, which saw their top holdings fall by one-third in two days amid “unprecedented” volatility in commodity prices, resulting in a “material impact” on their net asset value. The bank has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy ...

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