The Traderszone Network

In a July 13 letter to clients, reviewed by Reuters, UBS’ Puerto Rico arm said it would contact investors to discuss alternatives. “The firm will also reduce to zero the collateral value assigned to all Puerto Rico closed-end funds shares,” UBS wrote to investors. Puerto Rico’s Governor Alejandro Garcia Padilla dropped a bombshell on holders of its $72 billion debt in June saying that he wants to restructure debt and postpone bond payments.

Two inspectors general have requested a probe into whether Hillary Clinton mishandled sensitive information on a private email account. The NYT reports.

As businesses seeking to expand in the mainland look at second and third tier cities, the EIU ranks China’s 10 most promising cities.

Japan should reduce its reliance on a weak yen to reflate its economy, the IMF warned, as it called on authorities to speed up structural reforms and prepare for further easing.

At least two, including the gunman, were killed and nine injured in a shooting at a movie theater in Louisiana, authorities told NBC News. NBC reports.

The Mexican airport operator expanded into the Caribbean during the second quarter, concluding an airport purchase which lifted revenue and earnings considerably.

The preliminary July China Caixin PMI dropped to a 15-month low, with analysts pinning the hit on the stock market crash and weak export demand.