A barrage of bills introduced in the Texas Legislature this session that would constrain debt issuance could impede the ability of issuers to address an increasing need to fund infrastructure for the state’s growing population, according to speakers at last week’s Bond Buyer Texas Public Finance Conference. Numerous bond-related measures are among a record 8,153
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People in Sweden are feeling the effects of high inflation and tumbling house prices. JONATHAN NACKSTRAND / Contributor / Getty Images The Swedish government is now predicting a deeper than expected GDP contraction in 2023, according to data released Monday, worsening an already gloomy outlook for the country’s economy. Sweden’s Ministry of Finance estimated in
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India: Several three-day meetings begin under India’s G20 presidency: the health working group gathers in Goa, the digital economy working group meets in Hyderabad and chief agricultural scientists convene in Varanasi. The two-day G20 Space Economy Leaders Meeting begins in Shillong. Prime Minister Narendra Modi travels to Somnath to inaugurate the Saurashtra Tamil Sangamam, a
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Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Bitcoin’s day of glory on Chinese TikTok On Apr. 10, Douyin, the version of Tiktok exclusive to Chinese users, began publishing price quotes related to Bitcoin (BTC) and other cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP). The move
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Elon Musk is developing plans to launch a new artificial intelligence start-up to compete with ChatGPT-maker OpenAI, as the billionaire seeks to join Silicon Valley’s race to build generative AI systems. The Tesla and Twitter chief is assembling a team of artificial intelligence researchers and engineers, according to people familiar with the tech entrepreneur’s plans.
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Federal Reserve Governor Christopher Waller said he favored more monetary policy tightening to reduce persistently high inflation, although he said he was prepared to adjust his stance if needed if credit tightens more than expected. “Because financial conditions have not significantly tightened, the labor market continues to be strong and quite tight, and inflation is
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S&P Global Ratings on Friday raised Massachusetts’s general obligation long-term credit rating to AA-plus from AA, and upgraded bonds backed by annual appropriations from the state. “The upgrade reflects our view that the commonwealth’s commitment to strengthen its budget management practices supported by the state’s improved reserves and a strong economy will be sustained through
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The writer is executive director of the International Institute for Strategic Studies Asia, and author of ‘The Billionaire Raj’ Two recent Beijing trips by global leaders have shed light on the many paradoxes of a future age of economic decoupling. A visit by Emmanuel Macron, president of France, and Ursula von der Leyen, European Commission
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California legislation designed to alter transparency laws that have had a “chilling effect” on bond measure passage cleared its first hurdle. The Senate’s Governance and Finance Committee approved Senate Bill 532 by a 5-1 vote Wednesday, the bill will now move to the Elections and Constitutional Amendments Committee. State Sen. Scott Wiener, D-San Francisco, who
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