Daily Three: Suitable v. Best Interest, Chinese Business Activity and Puerto Rico’s Debt
April 6, 2016    Disclosures    POSTED IN  MarketsInternational
  • This week the U.S. Labor Department is expected┬áto release new rules requiring brokers who manage retirement accounts to act in the client’s best interest, instead of the old standard of what is suitable. The Wall Street Journal
  • The China composite manufacturing and service purchasing managers’ index (PMI) was the strongest reading for overall business activity in China in 11 months. International Business Times
  • Puerto Rico’s senate has issued a moratorium on all government debt payments through January 2017. The house has debated a similar measure. Any bill would require the governor’s signature. The New York Times
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