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 [...]
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.
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 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.
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 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.
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.
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.
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