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    New Jersey Considers Adding to High-Yield Investment

    The New Jersey Division of Investments may add as much as $500 million next year to its $3.5 billion in high-yield investments, Tim Walsh, director of the division, said last week in a telephone interview. The division, which oversees $74.3 billion in New Jersey Pension and Cash Management funds, is also considering investments in floating rate debt to benefit [...]


    Clean Energy & Carbon Watch

    China: The country plans to impose import duties of as much as 57 percent on polysilicon from the U.S. and South Korea. To read more, click here.


    China Drug Price Cuts Offset by Volume Growth

    by Sam Fazeli, Bloomberg Industries Europe Price cuts that were enforced earlier this year in China have been offset by volume growth, minimizing the challenge for pharmaceutical companies. A 15 percent average price cut was instituted across the essential drug list on February 1, with larger reductions for some more expensive drugs up to 20 [...]


    Michigan Issuers Slow Sales After Detroit Filing

    Michigan municipalities are set to borrow the least in three months as Detroit’s bankruptcy shakes investor confidence, exacerbating the steepest borrowing slowdown this year among the 10 most populous states. To read more, click here.


    U.S. Home Sales, G-20 Pledge, Abe’s Victory, UBS

    WHAT TO WATCH: Existing home sales in the U.S. probably climbed in June to the highest level since November 2009, 10 a.m. The Fed won’t tighten policy until 2016 at the earliest, said Pimco’s Bill Gross, in a Twitter posting. To read more, click here.


    G-20, Abe Victory, Swiss Franc, PBOC, Gold

    G-20 news: G-20 nations will pursue “carefully calibrated and clearly communicated” policy so the U.S. and Japan don’t spook markets when they roll back stimulus. Finance ministers advised Europeans to move away from budget-cutting and toward growth. To read more, click here.


    Fall of Detroit Follows Fall of Automakers: Rozens


    Barnes & Noble Breakup Seen Unlocking 44%

    A breakup of Barnes & Noble Inc. that could boost the bookseller’s value by 44 percent may finally be in the cards. To read more, click here.


    Allianz Joins AIG on FSB’s List of TBTF Insurers

    American International Group Inc. and Allianz SE are among insurers deemed systemically important by global financial rule makers, meaning they may face tougher capital standards and tighter regulation. To read more, click here.


    Chapter 9 Bankruptcies by State (1980-2013) [Chart]

    To view chart, click here.


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