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UnitedHealth to exit Michigan Obamacare exchange, state says

  Bloomberg UnitedHealth Group Inc. plans to exit a third state Obamacare market as the insurer works to stem losses from its struggling Affordable Care Act business. The insurer won’t sell policies through Michigan’s ACA exchange for next year, according to Andrea Miller, a spokeswoman for the state’s Department of Insurance and Financial Services. Georgia and Arkansas said last week ...

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Argentina’s FM: Call your broker and buy my bonds

  Bloomberg Argentina’s first global debt sale in 15 years is receiving “awesome” demand, Finance Minister Alfonso Prat-Gay said. “If you haven’t done it, you might as well call your broker because the demand is awesome,” he said from Washington, where he spoke at an event at Georgetown University during the spring meetings of the IMF and World Bank. “Of ...

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Venezuela to change the clock in order to save electricity

Caracas / AFP Venezuela announced it is shifting its time zone forward 30 minutes to save power and alleviate a severe electricity crisis the government blames on the El Nino weather phenomenon. The move, effective May 1, will scrap a half-hour subtraction to the clocks Venezuela’s late former president Hugo Chavez introduced in 2007 that gave his country a slight offset ...

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