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Dutch to sell $1.7bn ABN Amro stake post share rally

Bloomberg The Dutch state will sell an additional 7 percent of ABN Amro Group NV, a stake worth about $1.7 billion at current prices, taking advantage of steady demand for European bank stocks as it progresses toward full privatization. About 65 million shares will be sold in an accelerated bookbuild, bringing the government’s controlling stake down to 63 percent, NLFI, ...

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Inflation signals give Draghi little respite on path to QE exit

Bloomberg Another month of inflation data, and Mario Draghi still doesn’t have a definitive sign that the European Central Bank can consider ending its monetary stimulus. Consumer-price growth weakened in June even as the core rate picked up, backing the ECB president’s call for persistence with loose policy and prudence in signaling its withdrawal. At the same time, the figures ...

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Etihad launches Dreamliner service to Beijing

Abu Dhabi / Emirates Business An Etihad Airways Boeing 787-9 Dreamliner touched down in Beijing on Sunday after its inaugural flight from Abu Dhabi, capital of the United Arab Emirates (UAE). Flight EY888 departed Abu Dhabi at 09:30pm local time on Saturday and arrived in Beijing at 08:50am on Sunday. To celebrate the milestone event, a ribbon-cutting ceremony was held ...

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