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...— And a primer on Mayweather v McGregor (Jack Slack) — China has a struggling industrial heartland of its own (Michael Schuman): There are too many unproductive, debt-laden factories that are losing...
...In the US, banks provide loans, but typically sell a portion of the debt on to mutual funds (such as Eaton Vance’s $7bn Floating-Rate Fund) or hedge funds....
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