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ECB bond reinvestments could be shock absorber as QE decelerates

Bloomberg As the European Central Bank prepares to slow its bond-buying program, policy makers are considering softening the blow by highlighting a related measure — the reinvestment of maturing debt. An average of 15 billion euros ($18 billion) a month of assets held under quantitative easing will mature next year, according to euro-area central bank officials who said the figure ...

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Biggest Airbus A350 trips as Cathay latest to prefer sibling

Bloomberg Airbus SE’s newest wide-body jet lost more orders as Cathay Pacific Airways Ltd. switched a contract for six A350-1000s to the smaller -900 variant and deferred delivery of five more by a year. The model switch, announced by Asia’s biggest international carrier, follows a decision last week at United Airlines to swap on order for 35 A350-1000s to 45 ...

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Septwolves, Fosun to submit bids for Bally

Bloomberg Chinese apparel manufacturer Fujian Septwolves Industry Co. and conglomerate Fosun International Ltd. and are among suitors vying for the $717 million luxury leather goods company Bally International AG, people with knowledge of the matter said. Bally has also drawn interest from Japanese trading firm Itochu Corp. as non-binding offers came in this week, said the people, who asked not ...

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