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China steelmaker defaults after chairman’s death

Beijing / Bloomberg A Chinese steelmaker whose chairman was found dead by hanging last month defaulted on bonds a second time in two weeks. Dongbei Special Steel Group Co., based in the northeastern city of Dalian, said it missed payment on 1.01 billion yuan ($156 million) of principal and interest on notes due Tuesday, according to a statement posted on ...

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Lagarde pursues ‘good faith’ Greek talks after leaks dispute

Bloomberg International Monetary Fund Managing Director Christine Lagarde said she intends to negotiate “in good faith” with the Greek government, signaling that recent animosity over the latest review of the country’s aid program will blow over. “We continue to be focused on addressing the Greek situation,” Lagarde said in an interview in Frankfurt on Tuesday with Bloomberg Television’s Francine Lacqua. ...

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Spain outperforms euro area peers, highlighting ECB’s challenge

Bloomberg Spanish services and manufacturing expanded at the fastest pace in two months, outpacing the country’s euro-area peers in a challenge for the European Central Bank. The Spain Markit Composite PMI index jumped to 55.1 in March, beating the median economist estimate in a Bloomberg survey calling for an increase to 54.2. The Spanish data contrasts with sluggish growth in ...

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