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Pyongyang threats, weak dollar turn yuan a surprise haven

Bloomberg Two years after Chinese policy makers devalued the yuan, an act that torpedoed global markets, traders are starting to view the currency as a sure bet. The yuan has surged 3.9 percent to be the best performer in Asia this quarter, while momentum indicators are near the highest since 2005. Typical risk-off events seem only to heighten demand for ...

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Boeing raises 20-year China plane forecast on travel boom

Bloomberg Boeing Co. raised its 20-year forecast for aircraft demand in China as economic growth and an expanding middle class spur travel in the world’s most-populous nation. China will need 7,240 new planes valued at almost $1.1 trillion in the two decades through 2036, Boeing said Wednesday. That compares with its projections last September for 6,810 aircraft through 2035. The ...

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Airbus salvages $14bn order of United Airlines

Bloomberg Airbus SE secured an order for 45 of its A350-900 jetliners from United Continental Holdings Inc., holding on to a critical win after a run of deferrals by US airlines for the European planemaker’s marquee wide-body plane. The deal, valued at $14 billion before customary discounts, is a conversion of an earlier order for 35 of Airbus’s bigger -1000 ...

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