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U.S. municipal bond market grows to $3.7 trillion in first quarter

Thu Jun 11, 2015 12:03pm EDT
The U.S. municipal bond market grew to $3.694 trillion during the first quarter, following an increase to $3.652 trillion in the prior quarter, according to a quarterly report from the Federal Reserve released Thursday. More

Brazil central bank vows perseverance as inflation fails to subside

Thu Jun 11, 2015 11:24am EDT
Brazil’s central bank on Thursday vowed to prevent inflation from remaining high for the long-term, signaling policymakers are not done yet hiking interest rates and could keep them elevated for some time despite fears of a recession. More

Good chance of a deal with Greece next week: senior EU official

Thu Jun 11, 2015 6:22am EDT
Greece and its creditors could reach a deal in their cash-for-reforms talks next week, in time for the next meeting of euro zone finance ministers, the Eurogroup, on June 18, a senior EU official told Reuters on Thursday. More

ECB raises emergency funding for Greek banks by $2.6 billion: sources

Wed Jun 10, 2015 11:14am EDT
The European Central Bank raised the cap on emergency liquidity assistance that Greek banks can draw from the country’s central bank by 2.3 billion euros ($2.6 billion), taking the ceiling to 83.0 billion euros, banking sources told Reuters on Wednesday. More

China threatens to cut unspent fiscal budgets in 2016

Wed Jun 10, 2015 7:52am EDT
China tried to harness as much fiscal support as possible for its cooling economy on Wednesday by threatening to cut the 2016 budgets of local governments that do not spend most of their allocated cash this year. More

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