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Crude gains lift US stocks, bond rally falters

  Bloomberg US stocks advanced as oil’s rise above $53 a barrel lifted energy producers before key reports from OPEC and the International Energy Agency. The dollar continued to churn in place, while Treasuries halted the longest rally in eight months. The S&P 500 Index edged within points of an all-time high, while equities in Europe rallied after solid results ...

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Boeing wins $13.8 billion deal from Singapore Air

  Bloomberg Boeing Co. won orders for 39 wide-body aircraft from Singapore Airlines Ltd. as Southeast Asia’s biggest long-distance carrier upgrades its fleet over the next decade with more fuel-efficient models in an effort to cut costs. The airline agreed to buy 20 777-9s, which are set to debut at the decade’s end, and 19 787-10s, the longest Dreamliner model, ...

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Norwegian Air picks US bases for single aisle Europe trips

  Bloomberg Norwegian Air Shuttle ASA said it has chosen the first two U.S. bases for the trans-Atlantic flights it plans to introduce later this year using Boeing Co. 737 single-aisle planes. The discount airline will serve one airport north of New York City and another south of Boston, Chief Executive Officer Bjorn Kjos said at a briefing in Brussels. ...

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Ethiopian Airlines revenues rise

  ADDIS ABABA / Reuters Ethiopian Airlines’ chief executive said that a US order temporarily halting immigration from seven Muslim-majority states was creating confusion for passengers but was not having much impact overall on its operations. Tewolde Gebremariam also said the airline’s revenue rose 10.3 percent to 54.5 billion birr ($2.43 billion) in the 2015/16 fiscal year, while passenger numbers ...

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Brazil airline Azul files for US initial public offering

  Bloomberg Azul SA, the Brazilian airline led by JetBlue Airways Corp. founder David Neeleman, filed for an initial public offering in the U.S., following at least two previous delays because of slumping Brazilian stocks. The Sao Paulo-based airline filed Monday for a $100 million IPO, a placeholder amount used to calculate fees that may change. Proceeds from the offering ...

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Bombardier’s marquee jets get $282mn Canada boost

  Bloomberg Canada’s government will provide C$372.5 million ($282 million) in support for Bombardier Inc. to help fund two jet programs, including the C Series, the single-aisle plane that competes with Boeing Co. and Airbus Group SE products. About a third of the so-called “repayable program contributions” will go to the C Series while the rest will bolster the Global ...

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Commerzbank profit falls on low rates, bad loan provisions

  Bloomberg Commerzbank AG reported a 5.2 percent decline in fourth-quarter profit as it set more money aside for troubled loans to the shipping industry and low interest rates continued to weigh on income from lending. Net income in the three months through December decreased to 183 million euros ($195.5 million) from 193 million euros a year earlier, according to ...

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Deutsche Bank analysts say time to short CMBS as retailers ail

  Bloomberg Analysts at Deutsche Bank AG, one of the biggest underwriters of bonds tied to US commercial real estate, say now it’s time to short indexes of the securities. The securities are vulnerable because they are supported by leases from retailers, a lagging part of the economy, wrote Ed Reardon and Simon Mui in a note late Tuesday. A ...

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HSBC to expand in asset, wealth management

  Bloomberg HSBC Holdings Plc is planning to pursue deals to expand in asset and wealth management as the lender seeks to capitalize on the growing funds of the middle class in Asia and diversify its business away from traditional lending, according to two people with knowledge of the plans. Europe’s largest bank aims to make three or four acquisitions ...

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Denmark’s biggest mortgage lender posts 56% jump in profit

  Bloomberg Nykredit Realkredit A/S, the largest lender operating in the world’s biggest market for mortgage-backed covered bonds, reported a 56 percent jump in profit last quarter after management cut costs and revenue increased. The Copenhagen-based lender said net profit excluding minorities rose to 1.87 billion kroner ($269 million) in the fourth quarter from 1.2 billion kroner a year earlier, ...

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