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US banks rally as holiday shopping signals consumer cheer

Bloomberg The biggest US banks, including bellwethers JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc, gained as a hearty US consumer continued to signal good news for lenders. BofA rose as much as 1% to the highest since October 2008 and Citi climbed as much as 1.5% to the highest since January 2018. Other top preformers included ...

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India bonds rally as RBI surprises with pace of purchases

Bloomberg Benchmark sovereign bonds gained in India after the central bank said it will buy long-end debt for a second week, stepping up the pace of its unconventional policy to lower borrowing costs. The 10-year yield slid 8 basis points to 6.51% at the close, taking the week’s drop to 10 basis points. It touched a three-week low of 6.49% ...

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Boeing shares ‘very disturbing’ messages on 737 Max with FAA

Bloomberg A new batch of messages between Boeing Co. employees on the development of the 737 Max paints a “very disturbing picture” of concerns about the plane, according to an aide to a House committee. The documents were turned over to Federal Aviation Administration (FAA), the agency said in a statement. The disclosure came the same day that Boeing ousted ...

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