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ECB’s increasing stimulus keeps investors hungry

Bloomberg Euro-area governments are ramping up their bond sales, but there are few signs of investor fatigue with the European Central Bank (ECB) increasing its purchases. Yields from Germany to Italy climbed after debt management offices sold more than 40 billion euros ($43 billion) of bonds, the most in seven years, according to Commerzbank AG. However, investors have stepped up ...

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Ryanair to lose $325mn from oil insurance trades gone bad

Bloomberg Ryanair Holdings Plc predicted a 300 million-euro ($325 million) hit for the fiscal year that just ended because of costs arising from fuel hedges. Before the extra costs, profit for the year ended on March 31 will come in as low as 950 million euros, the bottom end of its previous estimate, the Irish low-cost carrier said. With its ...

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Mnuchin urged to avoid ‘unreasonable’ terms on US airlines

Bloomberg House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer urged the Treasury Department to move more quickly to help airlines to save industry jobs and refrain from imposing “unreasonable conditions” that might spur some carriers to decline payroll assistance. In a letter to Treasury Secretary Steven Mnuchin, Pelosi and Schumer stressed that provisions of the $2.2 trillion stimulus ...

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