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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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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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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