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By Nick Brown and Megan Davies NEW YORK (Reuters) - Puerto Rico's debt-ridden power authority PREPA is expected to ask bondholders to take some pain as part of a turnaround plan it will present to creditors on Monday, kicking off what could be heated negotiations over terms, sources familiar with the situation said. PREPA and its creditors must reach agreement quickly or risk hurting the Caribbean island's broader efforts to climb out of a $73 billion debt hole. Not all creditors are in step, with some more willing to compromise by accepting payment deferrals, those sources say.
ABUJA, Nigeria (AP) — Nigeria's new president was sworn in on Friday and pledged to tackle Boko Haram "head on," asserting the fight against the Islamic extremists wouldn't be won until hundreds of schoolgirls abducted last year and other kidnapping victims were brought home alive.