Oi SA's largest equity investor called for a shareholders' meeting to decide whether to take legal action against the CEO and CFO and to scrutinize parts of the Brazilian phone company's restructuring plan. Chief Executive Officer Eurico Teles and Chief Financial Officer Carlos Brandao exceeded their
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Among the countries represented in the Bloomberg Barclays global sovereign-debt index, U.S. obligations had the worst 2017 total return on an unhedged basis — just 2.2 percent for dollar-based investors as of Dec. 28. By contrast, bonds from Poland gained 25 percent, those from Thailand climbed 16
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His year-end 2017 price target of 2,500 for the S&P 500 Index was the highest among analysts surveyed by Bloomberg 12 months ago, but it wasn't grounded in expectations surrounding fiscal policy. Golub said gains would come from global growth and stabilization in the energy industry, and at the
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Oil bulls are charging into the new year with unprecedented vigor, and the credit goes to OPEC. The signs that the group is winning its tug of war with shale are compelling, and money managers have taken note: Their combined bets on rising prices for West Texas Intermediate and Brent crude reached
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In New York City, power prices surged 47 percent to $245.89 a megawatt-hour for the hour ended 11 a.m., the highest for that period since January 2016, according to Genscape data compiled by Bloomberg. In PJM's Western hub, prices pulled back from yesterday's highest levels in nearly three years.
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