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Qatar ‘very comfortable’ with current oil prices

  Reuters Qatar hasn’t made a decision on whether to sell debt, with current oil prices close to the level the country needs to finance spending, according to Finance Minister Ali Al Emadi. “We feel very comfortable,” Al Emadi told reporters in Doha, adding that Qatar is spending about $500 million a week on capital projects. The economy will grow ...

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Rio Tinto swings to biggest gain since 2013 on iron rally

  Bloomberg Rio Tinto Group is delivering on a promise to reward investors as it emerges from an industry-wide downturn by paying out a bigger-than-expected dividend and announcing a surprise $500 million share buyback. Last year’s 81 percent surge in iron ore prices helped the world’s second-biggest mining company report its first gain in annual profit since 2013, exceeding analysts’ ...

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UK media proposal to hinder Fox plan to buy rest of Sky

  Bloomberg Film director and lawmaker David Puttnam is proposing measures in the UK’s House of Lords aimed at frustrating Rupert Murdoch’s 11.7 billion-pound ($14.6 billion) plan to merge his US media company, 21st Century Fox Inc., with European pay-television broadcaster Sky Plc. The amendments to the proposed Digital Economy Bill would subject media acquirers to a so-called fit-and-proper test ...

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