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Japan toughens rules on foreigners owning stocks

Bloomberg Prime Minister Shinzo Abe’s cabinet approved draft legislation to impose tougher rules on overseas investments in the nation’s stock market, targeting foreign state-owned firms. The planned rules will require overseas investors to report in advance when they plan to buy more than 1% of shares in companies related to Japan’s national security, compared with the current 10% threshold, according ...

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Trump reverses plan to host G-7 summit at his golf resort

Bloomberg President Donald Trump pulled his Trump National Doral golf resort in Miami as the venue for the 2020 Group of Seven meeting after facing widespread criticism that he was using a major government event for personal gain. The search will start for a new location, including the possibility of using Camp David, he said in a tweet. In earlier ...

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Chile suspends metro fare hike after worst protests

Bloomberg Chilean President Sebastian Pinera suspended a hike in subway fares in a bid to defuse the tension that sparked violent protests in South America’s wealthiest nation. “I have humbly listened the voice of my compatriots and I will not be afraid to continue listening to that voice,” Pinera said. The protests, essentially against income inequality, prompted the government to ...

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