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Biggest neo customer upgraded 125 planes

Bloomberg Airbus SE’s latest monthly order tally signalled a big change for India’s IndiGo. The planemaker’s biggest customer for the A320neo is upgrading 125 of its existing orders for the narrowbody’s bigger sister model. IndiGo, one of the few Indian carriers with enough cash to aggressively expand, has been mapping out a way to build a long-haul, low-cost business taking ...

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Venezuelan airline revives direct flight from Caracas to NY

Bloomberg Venezuelan airline Aerolineas Estelar Latinoamerica CA will begin to offer a direct flight from Caracas to New York more than two years after the route disappeared from its itineraries. Isolated Venezuelans have few options when flying. Carriers such as Delta Air Lines Inc., Latam Airlines SA and Avianca Holdings SA have scrapped flights to Caracas for security reasons as ...

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End is near for ‘frack holiday’ as Permian expects 2019 boom

Bloomberg The oil fields of West Texas don’t sit still for long. Take Carrizo Oil & Gas Inc.’s operations, for instance. Just three months after moving drill rigs out of the Permian Basin because of pipeline shortages, the Houston-based explorer is already talking about bringing them back in the middle of next year. That’s one of several signs the end ...

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Exxon unit bets on $2bn Canada oil sands project

Bloomberg Almost two years after Exxon Mobil Corp removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil Ltd unit is investing again, saying low Canadian crude prices that scared off the other majors make it a perfect time to build. Imperial Chief Executive Officer Rich Kruger puts the rationale for the C$2.6 billion ($2 billion) Aspen ...

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A fifth of China’s housing is empty. That’s 50mn homes

Bloomberg Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country. Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to ...

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‘Samsung to make 1mn foldable phones’

Bloomberg Samsung Electronics Co. will roll out its foldable phone in the first half of next year and produce at least 1 million of them, Yonhap News reported, citing the company’s smartphone chief DJ Koh. The Suwon, South Korea-based company gave a glimpse of its foldable-screen phone at a developer conference in San Francisco without providing details on its price, ...

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China touts success of import fair with $58 billion in deals

Bloomberg Chinese companies signed a combined $57.83 billion worth of intended one-year deals at the country’s first import fair this week, China Central Television reported, as the government seeks to boost demand for foreign goods amid trade tension with the US. Agreements to buy goods and services were signed by firms among the more than 3,600 exhibitors at the China ...

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Singapore assails Facebook as unreliable

Bloomberg Singapore lashed out at Facebook Inc., calling the social media giant unreliable after it declined a request to remove a post that linked Prime Minister Lee Hsien Loong and the city state with 1MDB allegations. Facebook’s decision to not remove malicious information on Singapore shows the need for legislation, the Ministry of Law said in a statement. The government ...

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China signs farm export deal with Kenya

Bloomberg China signed accords with Kenya that will allow access for farm produce from the East African nation, a presidential aide said. “After a week of delicate negotiations, formal sanitary and phytosanitary agreements have been signed between Kenya and China for Kenya’s agricultural produce to enter the Chinese market,” the president’s chief of staff, Nzioka Waita, said on Twitter. Kenya ...

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