Markets
Bloomberg Markets
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Venezuela’s Maduro Decrees 9% Tax on Companies for Pension Fund
Venezuelan President Nicolas Maduro issued a decree setting a 9% tax on private companies for the creation of a state-run pension fund. -
Mexico Declares State of Alert for Power Grid Amid Heat Wave
Mexico’s power grid operator Cenace declared an operational state of alert on Saturday, indicating the system’s available power is lagging below adequate levels. -
Rebel Gildan Executives Push for Board Change, Return of Ex-CEO Chamandy
Some executives of clothing maker Gildan Activewear Inc. are urging investors to support an activist shareholder that’s trying to win control of the board and reinstate fired Chief Executive Officer Glenn Chamandy. -
Slowing Inflation Primes G-7 Central Banks for June
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy. -
Big Funds Bet the ‘Anything But Bonds’ Trade Is Poised to End
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.