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More policy tightening could be in store for Indonesia to buoy rupiah

Bloomberg Indonesia’s second interest-rate increase in two weeks may be followed by more policy tightening to stem a slide in the rupiah amid an ongoing rout in emerging markets. While the rupiah strengthened for a fifth day, the central bank isn’t in the clear yet. Much will depend on geopolitical events — from snap elections in Italy to ongoing trade ...

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Eurobank eyes new bond of 500mn euros

Bloomberg Eurobank Ergasias SA may issue new bonds in 2018 and is also crafting a new plan to reduce its exposure to bad loans for period after 2019. The Athens-based lender issued a covered bond in 2017, its first return to debt capital markets since 2014. “We’re considering issuance of another covered or senior bond during the course of 2018,” ...

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Deutsche Bank’s slow bleed continues as a pivotal month begins

Bloomberg Deutsche Bank AG just ended a roller-coaster week. June doesn’t look any less harrowing. Shares of Europe’s largest investment bank are trading near a record low, as short sellers pile on and credit derivative traders once again signal doubts about the firm’s health. It’s part of a painful pattern for the bank and its investors: Another spate of bad ...

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Airbus favoured for $6.6 billion Vistara order

Bloomberg Airbus SE is favoured to pull in an order from Singapore Airlines Ltd. affiliate Vistara for as many as 60 new-engine single-aisle airliners to gain a stronger foothold in the booming Indian market, according to people familiar with the negotiations. The airline is leaning towards buying the A320neo jets after a contest with Boeing Co.’s 737 Max model, according ...

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Boeing pushing for open, fair trade as US slaps metals tariffs

Bloomberg Boeing Co. said it will push for open and fair trade after President Donald Trump announced duties on steel and aluminum imports from some of America’s allies on national security grounds. “We’ve done a preliminary analysis and we don’t see it having a material effect on our financials,” sales chief Randy Tinseth said in an interview during a gathering ...

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HNA agrees to add China-built jets to fleet in boost to Comac

Bloomberg Chinese conglomerate HNA Group Co. agreed to add locally built aircraft to its fleet as part of an effort to bolster a state-owned planemaker that is developing jets to eventually compete against giants Airbus SE and Boeing Co. Signing a cooperation agreement with the Commercial Aircraft Corp. of China (Comac) Ltd., HNA said in a joint statement that it ...

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Walmart expands $50-a-month concierge service to Brooklyn

Bloomberg Walmart Inc. wants to be your personal shopper — if you’re lucky enough to be invited. The world’s biggest retailer unveiled Jetblack, a concierge shopping service for busy urban families. For $50 a month, members can text their requests and receive same-day delivery from Walmart, Jet and other retailers like Saks and Sephora with gift wrapping included. The service ...

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36 Houthi militias killed in Yemen’s Red Sea coast

YEMEN/ WAM As many as 36 members of the Iranian-backed Houthi militias including their leader were killed during confrontations with the Yemeni National Resistance Forces on different fronts in Yemen’s Red Sea Coast. The confrontations between the Yemeni Resistance Forces and the Houthi militias centered in the Taif, Al Husayniyah, and Tahita areas. The Resistance Forces were able to clear ...

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Abu Dhabi Ports unveils its own blockchain tech

Abu Dhabi / WAM Maqta Gateway, an Abu Dhabi Ports subsidiary, is the first Abu Dhabi entity to develop and launch its own blockchain technology, named Silsal. It will combine blockchain technology and unique digital user identities to provide a seamless and secure link between stakeholders across the trade community. Blockchain technology acts as an open digital ledger that can ...

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