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Boeing halts flights of its new 737 Max jetliner after snag

Bloomberg Boeing Co. is temporarily suspending flights of its new 737 Max jetliner because of a potential manufacturing flaw in the engines, marring the commercial debut for the fastest-selling plane in company history. The jetmaker and its engine supplier, a venture of General Electric Co. and Safran SA, are rushing to understand the problem ahead of the aircraft’s first delivery, ...

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Credit Agricole pairs trading surge with jump in loan fees

Bloomberg Credit Agricole SA profited from low rates in the first quarter as large clients tapped the bond market and mortgage refinancing led to a surge in fees. Capital-markets revenue rose 17 percent, with ‘buoyant activity’ in fixed-income, foreign-exchange and credit trading, the Paris-based bank said in a statement on Thursday. Net income jumped to 845 million euros ($918 million) ...

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Agricultural Bank of China begins Dubai operations

Dubai / Emirates Business Agricultural Bank of China (ABC) Dubai Branch holds a grand ceremony in celebration of its opening and designation as the RMB clearing bank in the UAE. The Dubai Branch is ABC’s first RMB clearing bank designated by the People’s Bank of China (PBOC) and its second branch in the Middle East after the DIFC Branch. The ...

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