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Southwest inks 20-year jet fuel deal in quest to go green

BLOOMBERG Southwest Airlines Co said it has forged a two-decade agreement to buy as much as 680 million gallons of renewable jet fuel, part of the US carrier’s goal of slashing climate-polluting emissions. The sustainable aviation fuel (SAF) will be sold by Arizona-based USA BioEnergy LLC starting as early as 2028, Southwest said in a statement. USA BioEnergy is working ...

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Berkshire names managers for its second yen bond sale of 2023

BLOOMBERG Warren Buffett’s Berkshire Hathaway Inc plans to sell yen-denominated corporate bonds for the second time this year, according to lead underwriter Mizuho Securities Co. The company is considering issuing the bonds in the near future, and sales will be limited to qualified institutional investors in Japan, according Mizuho, which said that itself and BofA Securities Japan Co will manage ...

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Stocks slip before Fed Chair Powell’s speech; M&S rallies

BLOOMBERG Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell.  Europe’s Stoxx 600 fell 0.1% and US equity futures traded little changed. The 10-year Treasury yields climbed by three basis points to 4.6%. West Texas Intermediate held at $77, near a three-year low. ...

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