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Futures rise with stocks ahead of Fed minutes

Bloomberg US equity-index futures rise along with stocks in Europe as investors awaited minutes from the Federal Reserve’s latest meeting for clues on policy makers’ thinking on interest rates and stimulus. Bonds stabilised after a rally. The Stoxx Europe 600 Index climbed, led by gains in commodity sectors, with Royal Dutch Shell Plc rising more than 3% after saying it ...

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Pakistan imports goods worth $6.2b from UAE

ISLAMABAD / WAM Pakistan has imported $6,199.069 million worth of goods against the imports of $5,976.483 million last year from the UAE, showing an increase of 3.72 percent. The State Bank of Pakistan (SBP) in its latest figures released said, that China topped the list of countries from where Pakistan imported different products during the first eleven months of financial ...

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Heathrow reopens runway, terminal on travel optimism

Bloomberg London’s Heathrow Airport is dusting off facilities that have been mothballed for over a year, as Europe’s busiest airport prepares for a long-awaited surge in air traffic. The hub reopened its second runway and plans to resume normal operations at Terminal 3 starting from July 15, a spokesman said. T3 closed in May 2020, around the same time Heathrow ...

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Airbus delivered more than 70 planes in June

Bloomberg Airbus SE delivered more than 70 jets in June, one of its best months for handovers since the start of the pandemic, according to people familiar with the matter. The tally would take the company’s total handovers for the first six months of the year above 290 aircraft, for an increase of about 50% versus last year. Airbus is ...

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EU to charge airlines more for polluting in its green strategy

Bloomberg Airlines in the world’s biggest carbon market will eventually have to pay for all the pollution from their planes as the European Union strengthens its climate policies under the Green Deal. A proposal by the European Commission includes a gradual phase out of emission allowances for carriers, and will be part of measures to be announced on July 14, ...

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Suning.com gets $1.36b state-backed, Alibaba bailout

Bloomberg Chinese billionaire Zhang Jindong secured a $1.36 billion state-backed bailout for the troubled retail arm of his Suning empire, marking another step in Beijing’s efforts to clean up its heavily indebted conglomerates. A group of investors, led by the Nanjing state asset management committee and the Jiangsu provincial government, will take a 16.96% stake in Suning.com Co, according to ...

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Investigators to begin search for Hawaii jet’s black boxes

Bloomberg US investigators plan to begin scanning the sea bed off Hawaii in search of the wreckage of a Boeing Co 737-200 that went down after losing power in both its engines. Special sonar devices that can map the sea bed will be used to locate critical wreckage and the jet’s two crash-proof recorders, the National Transportation Safety Board (NTSB) ...

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Krispy Kreme jumps in US trading debut

Bloomberg Krispy Kreme Inc’s shares rose in their first day of trading, giving the doughnut chain a much-needed lift a day after it was forced to downsize its initial public offering. The stock reversed an early decline and jumped 24% to $21 a share in New York. The Charlotte, North Carolina-based company, which is owned by investment firm JAB Holdings ...

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Credit Suisse plans ‘maximum flexibility’ remote work model

Bloomberg Credit Suisse Group AG said it’s planning to introduce a work model that gives the bank employees in Switzerland “maximum flexibility,” joining global peers in making remote working arrangements more permanent. The approximately 13,000 employees of the universal bank in Switzerland will, depending on their role, be able to decide with their teams and line managers how much of ...

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Nomura suspends coverage of a large number of firms

Bloomberg Nomura Holdings Inc has suspended coverage of dozens of companies following the departure of two highly ranked stock analysts in Tokyo, at a time when Japan’s biggest brokerage is seeking to reinforce research as part of its broader growth plans. Junko Yamamura and Yoshitaka Nagao, who covered leisure and amusement sector, and broadcasting and advertising industry, respectively, are no ...

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