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TransCanada joins with JPMorgan on asset sale

Bloomberg TransCanada Corp. is working with JPMorgan Chase & Co. to find buyers for more than $7 billion in assets to help finance its acquisition of Columbia Pipeline Group Inc., people with knowledge of the matter said. The people asked not to be identified because the information is private. Assets for sale include a portfolio of U.S. Northeast merchant power ...

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Brazil currency leads LatAm losses on political woes

Sao Paulo / Reuters Brazil’s currency led losses in Latin American markets on concerns that a political crisis threatening President Dilma Rousseff may drag on longer than expected, while the central bank moved to weaken the real for a third straight day. Latin American currencies weakened as traders reconsidered their bets on U.S. monetary policy after Federal Reserve policymakers encouraged ...

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Brazil’s best-in-the-world stock rally masks tattered economy

Bloomberg After a disastrous 2015, Brazilian stocks and bonds are posting the biggest gains among global peers this year. Speculation that President Dilma Rousseff could soon be ousted, ending a political stalemate that has paralyzed the country, is fueling the rally. Yet, whoever steps into Rousseff’s shoes would face daunting challenges, from closing a crippling budget deficit to pulling Latin ...

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