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Bankrupt Brazilian Utility Rewards Stock Traders With 316% Gain

Bankrupt Brazilian Utility Rewards Stock Traders With 316% Gain
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Bankrupt Brazilian Utility Rewards Stock Traders With 316% Gain

(Bloomberg) Veteran investor Nelson Tanure is betting that Light SA, a Brazilian utility that filed for bankruptcy protection, will generate big gains for its shareholders even as bondholders expect to lose around half their money. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy Chips‘FOMO Rally’ Hits a Wall as Stock Fatigue Kicks In: M

Turkey faces currency woes following Erdogan re-election

The re-election of Recep Tayyip Erdogan as president of Turkey last week (28 May) has fuelled concerns of further economic troubles.

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