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Euro-area unemployment declines to lowest since 2011

Bloomberg Euro-area unemployment retreated in February to the lowest since 2011, continuing its slow decline as the economy grows at a modest pace. The rate fell to 10.3 percent from 10.4 percent in January, the European Union’s statistics office Eurostat in Luxembourg said on Monday. That matched the median forecast of economists in a Bloomberg survey, though the January number ...

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Airbus sees Brexit hurting its UK arm, backs pro-EU

Bloomberg Airbus Group SE, which relies on British facilities to design and build the wings for its commercial aircraft, told its 15,000 workers there that it “strongly” supports the U.K. remaining in the European Union and that an exit wouldn’t be helpful to its operations. “Our business model is entirely based on our ability to move products, people and ideas ...

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Japan’s MUFG on hunt for mega deals in US, Indonesia

Tokyo / Reuters Japan’s biggest bank, Mitsubishi UFJ Financial Group (MUFG), is on the lookout for acquisition opportunities in the US and Indonesia as it pursues its goal of becoming a global financial powerhouse, the head of its core unit said. “As a global commercial bank, the US and Asia are our base,” said Bank of Tokyo-Mitsubishi UFJ (BTMU) president ...

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