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The U.S. dollar has recently stabilized near a four-month high in European trade, largely driven by strong economic data that has exceeded expectations of early rate cuts by the Federal Reserve. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 104.755, just below the previous session’s
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The progress on the multi-billion-dollar people mover project at Los Angeles International Airport faced yet another setback last week when Fitch Ratings affirmed the speculative-grade BB-plus rating on California Municipal Finance Authority’s $1.2 billion senior lien revenue bonds. This affirmation came as the project’s completion date was extended by another six months, adding to the
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The month of March saw a significant increase in municipal bond issuance for the third month in a row. This uptick was largely attributed to a surge in refundings and the completion of several billion-dollar deals. As economic conditions improved and demand for municipal bonds increased, issuers found themselves more confident in entering the market.
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The recent statement by Japanese Finance Minister Shunichi Suzuki regarding speculative moves in the currency market has brought attention to the impact these moves have on the Japanese yen. Despite the warning against excessive declines in the yen, the market continues to see fluctuations that do not align with economic fundamentals. According to Suzuki, various
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A proposed $2 billion public-private partnership that sought to move two major league sports teams out of Washington D.C. and into a bond-financed arena in Northern Virginia has officially been called off. This decision came after D.C. Mayor Muriel Bowser and Ted Leonsis, the owner of the NBA’s Washington Wizards and the NHL’s Washington Capitals,
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