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Saudi leads region down on weak oil, austerity steps

  Dubai / Reuters Saudi Arabia’s stock market fell sharply for a second straight day on Wednesday, leading the entire region down, in response to weak oil prices and government austerity measures. The Saudi equities index, which had retreated 3.8 percent on Tuesday, sank a further 3.4 percent to 5,534 points, its lowest finish since Jan. 21. It has tumbled ...

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Oil output hopes boost European stocks

  London / AFP European stocks rebounded on Wednesday, brushing aside a broad retreat across Asia, as oil prices pushed higher and Deutsche Bank shares rose, recouping some of their previous days’ losses. London’s benchmark FTSE 100 index increased by 0.6 percent. In the eurozone, Frankfurt’s DAX 30 was up 0.7 percent at the close the Paris CAC 40 gained ...

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Delta mulls $2.3bn plane purchase for regional fleet

  Bloomberg Delta Air Lines Inc. is studying a purchase of roomier regional jets with a list value of as much as $2.3 billion — provided the company can get the pilots’ union to accept an overhaul of the small-plane fleet. The Atlanta-based carrier told the Air Line Pilots Association it wants the option of adding as many as 50 ...

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