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British farmer fears losing Brussels lifeline as Brexit looms

Thetford / AFP Toby Bulgin’s face wrinkles worriedly as he surveys his farm and contemplates the looming vote on Britain’s EU membership that could leave his livelihood hanging in the balance. The sunbathed fields, bleating lambs and birdsong on his farm in Norfolk, eastern England, seem a long way from the European Union’s corridors of power in Brussels. But Bulgin ...

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Puerto Rico investors sue to stop development bank payments

Bloomberg Hedge funds holding debt in Puerto Rico’s Government Development Bank sued to stop the island’s key fiscal entity from making payments to local government agencies as it faces a growing cash shortage and the prospect of insolvency. The funds, which include affiliates of Brigade Capital Management, Claren Road Asset Management and Solus Alternative Asset Management, accused the bank in ...

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USA increases 2017 Medicare rates less than expected

Bloomberg Health insurers that offer private Medicare Advantage plans will get a smaller-than-expected increase in payments next year. The U.S. is raising payments to the insurers by 0.85 percent on average, according to a statement from the Centers for Medicare and Medicaid Services, down from the 1.35 percent boost proposed in February. Payments to individual insurers can vary, because CMS ...

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