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Regional banks see more 2018 Fed rate hikes if outlook holds

Bloomberg Two regional Federal Reserve bank presidents said they favour raising interest rates twice more this year following a hike this week, but were open to shifting their views if the outlook warranted a different policy approach. “My forecast had three moves for this year,’’ Atlanta Fed President Raphael Bostic, who votes this year on monetary policy, told reporters after ...

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Qantas sets aviation milestone as Perth flight lands in London

Bloomberg Qantas Airways Ltd. started direct flights between Australia and London this weekend, passing a major milestone by reducing to 17 hours a trip that once took much longer. Flight QF9, which originated in Melbourne, landed at London Heathrow at 5:02 am on Sunday following a 14,498-kilometre trip from Perth, according to the UK airport operator’s website. The route marks ...

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Tencent-backed Meituan seeks an IPO at $60 billion

Bloomberg Meituan Dianping, the Chinese food reviews and delivery giant backed by Tencent Holdings Ltd., has begun discussions on a Hong Kong initial public offering as soon as this year, according to people familiar with the matter. The company is weighing a valuation of at least $60 billion and is considering a listing in China as well if policy conditions ...

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