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Competition for Amazon’s HQ2 becomes more political

The competition for Amazon’s second headquarters is only getting fiercer. The politicking that goes with it ranges from subtle and behind the scenes to brazenly in-your-face. At stake is a destiny-changing bonanza that is a modern-day equivalent of a railroad siting. Amazon’s decision makers are weighing many factors among 20 finalist locations, and only they know how much certain variables ...

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Dearth of deposits pushes China big banks to short-term debt

Bloomberg China’s biggest lenders are increasingly using short-term financing to meet demand for loans, in a de-velopment that could push up money-market rates. The banks are rushing to sell negotiable certificates of deposit, an instrument that sounds like a saving account but is actually more like a bond. Issuance of these by the five largest lenders more than doubled to ...

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Oman central bank eases capital, lending curbs to spur growth

DUBAI / Reuters Oman’s central bank said on Tuesday it is relaxing capital and credit exposure rules for commercial banks and taking other steps to boost lending in a bid to boost economic growth. The Omani economy and financial markets have come under pressure from low oil prices and rising US interest rates, which are closely linked to rial rates, ...

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