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Plan to crush catalan separatists causes alarm for Rajoy’s allies

Bloomberg Spain’s plan to crush Catalonia’s separatists is ringing alarm bells among some of Prime Minister Mariano Rajoy’s allies before what’s set to be a decisive few days in the conflict with the insurgent region. The Socialists are balking at the government’s focus on taking control of the administration in Barcelona while shutting off options that would allow the Catalan ...

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US stocks, dollar drop as traders sift earnings news

Bloomberg US stocks slumped as investors sifted through the latest batch of corporate earnings, while the dollar fell with Treasuries amid speculation recent moves had gone too far too quickly. The S&P 500 Index fell from near a record high, with weak results hammering shares in Chipotle Mexican Grill Inc. and Advanced Micro Devices Inc. Ten-year Treasury yields retreated after ...

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Zain holds back Saudi stock index, offsets strong oil prices

Reuters Saudi Arabia’s stock market posted a small gain on Wednesday on the back of firm oil prices, seemingly little impressed by heavy investment plans showcased at a major conference in Riyadh. The Saudi index gained 0.3 percent, supported by Saudi Electricity Co (SEC), whose shares rose 4.4 percent after the utility said the Saudi government is considering selling a ...

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Amazon video push aims to attract shoppers

Bloomberg Amazon.com Inc. wants to prevent holiday shoppers from straying to Google’s YouTube and Facebook Inc.’s social-media sites in search of product videos, so the e-commerce giant is working with merchants to match the effort on its website. Pet supplies, baby products, housewares and electronics are the focus of the new push for promotional and instructional videos. Amazon this year ...

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US Air Force’s $2 billion bomber request pays for staff

Bloomberg The $2 billion that the US Air Force wants to spend this fiscal year for the new B-21 bomber would go towards added staffing for contractor Northrop Grumman Corp., software development and producing detailed engineering drawings, according to a top service official. While the items listed by Air Force Undersecretary Matt Donovan were predictable for early work on a ...

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JetBlue’s plan to add seats on A320 gets stuck

Bloomberg JetBlue Airways Corp.’s plan to add more seats to its Airbus SE A320 planes is running into an obstacle: broken toilets. The Space Flex lavatories supplied by Zodiac Aerospace are crucial to JetBlue’s plan to reconfigure its fleet of A320 jets. The airline will set a “formal review” in November with Airbus and Zodiac to evaluate repairs on the ...

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Hudson’s Bay sells iconic Lord & Taylor store to cut debt

Bloomberg Hudson’s Bay Co. agreed to sell its iconic Lord & Taylor building in Manhattan and unloaded a minority stake to a private equity firm to help the struggling Canadian retailer cut debt and bolster its balance sheet. RhoneCapital LLC will buy $500 million worth of convertible shares in Hudson’s Bay, and Rhone is teaming up with WeWork Cos. to ...

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Asia’s oil hub going green with floating solar, storage systems

Bloomberg Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable sources. The city-state is testing floating power projects in its reservoirs, a technology that could help solar meet as much as a quarter of electricity demand by 2025, Deputy Prime Minister Teo Chee Hean said ...

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Oil steady before US stockpiles data as OPEC reassures market

Bloomberg Oil was little changed before the release of US inventory data, while OPEC and its allies reassured traders that they’ll complete their strategy to clear a global crude surplus. Futures slipped 0.5 percent in New York after rising 1.1 percent. Government data on is forecast to show that inventories of crude oil fell and gasoline rose, both for the ...

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JERA’s new contract with Petronas foretells smaller, shorter LNG deals

TOKYO/KUALA LUMPUR / Reuters Malaysian state energy company Petroliam Nasional Bhd, or Petronas, signed a three-year liquefied natural gas (LNG) supply agreement with JERA Co, with smaller volumes and for a shorter period than its previous deal with the biggest LNG buyer in Japan. JERA, the fuel purchasing joint venture between Tokyo Electric Power and Chubu Electric Power, will buy ...

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