Puerto Rico government objects to moving forward with new debt plan

The U.S. commonwealth’s federally created financial oversight board had asked Judge Laura Taylor Swain to approve a schedule that would culminate with a confirmation hearing on a so-called plan of adjustment for Puerto Rico’s core government debt and pension obligations commencing in October.

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Tariffs And Bank Regulations Are Splitting Both Parties In The Lead-Up To The Midterms

We think of today’s Washington as being rigidly divided along party lines on nearly every issue. But a bloc of Democrats in the Senate just joined with Republicans and the Trump administration on a bill that would lighten some restrictions on banks imposed by the Dodd-Frank financial regulation law, one of President Obama’s signature policy achievements. Meanwhile, some congressional Republicans are considering legislation that would stop President Trump’s new tariffs on steel and aluminum imports, which several Democrats and labor leaders have publicly supported.

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Fresenius Medical says fourth-quarter operating profit up 3%

FRANKFURT (Reuters) – Germany’s Fresenius Medical Care (DE:FMEG) on Wednesday said quarterly adjusted operating income edged 3% higher as growth in dialysis services and products was partly offset by a negative adjustment for accounts receivable in a legal dispute in North America.

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Chinese banks rush to issue ‘virus NCDs’ to fund anti-virus campaign

A total of 26 banks are issuing negotiable certificate of deposits (NCDs) on Thursday to raise roughly 17 billion yuan ($2.43 billion) in total that will to be lent to companies involved in epidemic prevention and control, according to the National Interbank Funding Center.

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What If Tariffs Cost Trump The Farm Vote?

In 1977, Jimmy Carter made an improbable journey from Georgia peanut grower to Democratic president in part by playing on his humble roots and receiving support from America’s farmers. Yet this bedrock voting constituency abandoned a fellow farmer to back Ronald Reagan four years later, after Carter punished Moscow for invading Afghanistan by cutting off grain sales to the Soviet Union. U.S. farmers were already struggling with collapsing crop prices, and the embargo may have been the final straw. Farmers threw their support behind Reagan, who had promised to lift the hated restrictions.

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Slowing virus, China stimulus hopes support stocks, yen nurses losses

SINGAPORE (Reuters) – Asian stocks edged up on Thursday, supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic, while the Japanese yen nursed heavy losses after suffering its steepest drop in six months.

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U.S. meeting on Huawei, China policy still on for Thursday despite Trump tweets: sources

The deputy-level meeting was called to discuss issues including possible new restrictions on sales of chips made abroad to China’s blacklisted Huawei Technologies and on sales of airplane components to a Chinese aircraft maker.

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How To Win A Trade War

The tweet came before 6 a.m., as President Trump’s tweets often do. It was early March, and the Trump administration had just announced steep tariffs on imported steel and aluminum. That did not make China or America’s European allies happy. Last week, after the U.S. imposed tariffs on $60 billion worth of Chinese goods, it was reported that China would respond with their own tariffs on $3 billion of U.S. goods.

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Where Blue-Collar America Is Strongest

President Trump seems ready to declare victory in his effort to make America great again; last month, he said the slogan for his 2020 re-election campaign will be “Keep America Great.” But how much has really changed, particularly for the “everyday, working Americans” whom Trump said were the “backbone and heartbeat of our country” — and whose votes helped him secure the presidency?

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