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Boeing wins $3.2bn order from China Southern as 787 soars

  Bloomberg Boeing Co. landed a deal to sell a dozen 787 Dreamliners to China Southern Airlines Co., bolstering support for its marquee carbon-fiber jetliner in an otherwise tough market for twin-aisle aircraft. The order by Asia’s biggest carrier by passenger volume is valued at $3.2 billion according to list prices, although carriers typically negotiate discounts. It comes less than ...

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Unilever warns of British price hikes as pound falls

  Bloomberg Dutch food giant Unilever, reportedly caught up in a pricing war with a British supermarket chain, warned Thursday the falling pound will likely hike its prices in Britain. Releasing stagnant third-quarter figures, the huge multinational, which supplies popular brand names like Ben & Jerry’s ice-cream, Knorr soups and Hellmann’s mayonnaise, acknowledged it was a “tough market” globally. There ...

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Saudi Arabia to ease rules for foreign bank operations

  Bloomberg Saudi Arabia is exploring the possibility of granting more licenses to foreign banks and easing restrictions on their operations to boost growth in the private sector, people with knowledge of the matter said. The Saudi Arabian Monetary Agency, or SAMA as the central bank is known, is weighing proposals that would allow foreign banks to open more branches ...

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