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Toto, I have a feeling we're not in EM anymore
Two lenders entering administration should signal to others: simplify the industry
Investors are rewarding Romania for trying to fix its fiscal problems
Liberated issuers will still have to follow European regulations if they want to sell in EU
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Fund costs and limited liquidity could constrain the size of the CLO ETF market
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Suspension of Council of Ethics lays bare difficult choices
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A sovereign issuing bonds after US military strike threats would be absurd if those threats had been made by any other president
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Foreigners' love of Swiss francs presents an unlikely opening for overseas borrowers
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The necessity of clauses that help developing countries recover from catastrophes is getting more acute
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Data-deprived markets should give the shutdown the attention it deserves