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The New Mexico Board of Finance has signed off on budget cuts to nearly all state agencies. Departments will have to grapple with a 3.2 percent cut to their spending starting in September.

Finance Ministry Sells 30-Year China Bonds at Yield of 3.96%, Traders Say

Chinas finance ministry sold 28 billion yuan ($4.1 billion) in 30-year bonds at an average yield of 3.96 percent, according to traders at BOC International (China) Ltd. and Industrial & Commercial Bank of China Ltd.

BlueOrchard Finance to Triple Microfinance Investments in Asia

BlueOrchard Finance SA, which manages more than $1 billion of microfinance investments, said it plans to triple its allocation to Asia to about a third of its global portfolio.