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Let’s begin with China, where in an unusual move the government intervened in the offshore yuan in order to bring the valuations close together. The goal here is to reduce the downward pressure on the currency in order to stem capital outflows

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This week, the Securities and Exchange Commission set its sights on Rochester, Minnesota resident Jim Louks, slapping him with fraud charges and an emergency order to stop soliciting funds for his technology services company FiberPoP Solutions Inc. FiberPop was founded in 2003 to build and run fiber optic cable networks and data centers. Nearly thirteen years later it has no employees, no operations, and not a single fiber optic cable to speak of

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