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Another private college in New York is shutting its doors after struggling financially and said it won’t make further interest payments to investors on its municipal bonds. The College of Saint Rose, a private Roman Catholic school in Albany, said Friday it plans to close after this academic year. It was founded in 1920 as
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A trio of Chapter 11 bankruptcies filed by Southwest nonprofit entities this year in the wake of bond impairments are closer to wrapping up their cases in federal court with the help of asset sales or debt restructuring.  Legacy Cares, which filed for bankruptcy in May after defaulting on $284 million of revenue bonds to
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Minneapolis received a bump from Moody’s Investors Service, which revised its outlook on the city to positive from stable and affirmed its Aa1 issuer and general obligation unlimited tax bond ratings. The Nov. 29 action affects about $875 million of GO debt, Moody’s said. “The positive outlook is based on improving credit metrics including growing
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of Rockefeller International Though Indian Prime Minister Narendra Modi is in his 10th year in office, his position is as strong as ever. The Bharatiya Janata party’s overwhelming election victories in
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According to a Dec. 4 post by Salvadoran President Nayib Bukele, the country’s cumulative Bitcoin (BTC) investments currently amount to $131 million with a net profit of $3.6 million, for a total gain of 2.84%. “Of course, we have no intention of selling; that has never been our objective,” said Bukele. “We are fully aware
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The cryptocurrency exchange Bybit released its fourth quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail investors. The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in Bitcoin (BTC), 15% in Ether (ETH) and only 5% in altcoins, which the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Home secretary James Cleverly is set to unveil measures to reduce migration to the UK after official figures showed net legal migration soared to 745,000 last year. Changes expected to be announced on Monday include
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Quantum computing is starting to fulfil its promise as a crucial scientific research tool, IBM researchers claim, as the US tech group attempts to quell fears that the technology will fail to match high hopes
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The hardware cryptocurrency wallet firm Trezor has continued its efforts to promote Bitcoin (BTC) education globally by launching a new educational initiative in Africa. The Trezor Academy was officially launched at the Trezor-backed Africa Bitcoin Conference in Ghana’s capital of Accra on Dec. 4, the firm announced to Cointelegraph. The academy is an educational program focused
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin has surged to its highest price in nearly 20 months on optimism the toughest regulatory punishments for the industry have passed and that US regulators will shortly approve stock market cryptocurrency funds. The cryptocurrency
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Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. How many international conflicts can one superpower handle at the same time? The Biden administration is currently trying to deal with wars in the Middle East and Europe, while preparing for a surge in tensions between
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