Fitch Ratings News
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A Virginia judge threw out a plan to pay for a $2.1 billion tunnel project in the state’s southeastern region, ruling that lawmakers can’t give the state transportation department free rein in setting tolls.
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Microsoft Corp. and AT&T Inc. are among U.S. borrowers selling the most bonds in Europe since the start of 2008, taking advantage of record-low borrowing costs that outstrip dollar rates.
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Slovenia’s bonds gained for a third day after the government’s $3.5 billion bond sale eased concern that the Adriatic nation will be forced to ask for a bailout.
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Philippine stocks surged to a record as the peso and bonds extended gains after the nation won its second investment-grade debt rating.
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Philippine stocks rose to a record after it beat Indonesia to win an investment grade from Standard & Poor’s, as President Benigno Aquino outshines Susilo Bambang Yudhoyono in improving government finances and spurring growth.
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Hong Kong’s Dim Sum loans will top 100 billion yuan ($16.2 billion) this year after the city’s monetary chief Norman Chan relaxed capital rules, Citigroup Inc. said.
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The Illinois House of Representatives approved a bill designed to repair the nation’s worst-funded pension system by raising contribution levels for state employees and delaying the retirement age.
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Turkey stocks headed for a record as growing optimism over a peace process with Kurdish militants in the nation’s southeast and falling commodity prices fueled bets of a second credit-rating upgrade this year.
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OAO Uralkali, the world’s largest potash producer by output, will raise a $700 million loan this month, according to two people with knowledge of the matter.
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The Philippine peso posted its biggest gain in almost two weeks and government bond yields fell after the nation won an investment-grade rating from Standard & Poor’s.
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