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Emerging-Market Stocks Rally as U.S. Outlook Fuels Risk Demand
published Sep 6th 2016, 12:03 pm, by Anuchit Nguyen and Maria Levitov (Bloomberg) — Emerging-market stocks headed for their highest level since July 2015 and currencies strengthened as data showing slower-than-forecast growth in the U.S. services industry bolstered speculation that the Federal Reserve will move slowly in raising interest rates.
Bloomberg Business: European Banks Seen Offloading $109 Billion of Bad Debt in 2015
©2015 Bloomberg News NLODWB6K50Y2 (Bloomberg) — European banks will offload 100 billion euros ($109 billion) of unwanted loans this year to cut costs and restructure their balance sheets, according to a report by PricewaterhouseCoopers LLP. Banks will jettison bad debts and loans that no longer fit with their business strategies, PwC
