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January 5, 2017 Aviation
Bloomberg There’s a new leader in the US market for corporate aircraft management, as a merger of the American fleets of BBA Aviation Plc and Gama Aviation Plc elbows aside a unit of Warren Buffett’s NetJets Inc. The deal brings together about 110 US-based aircraft managed by Gama and 90 overseen by BBA, the companies said. While similar in ...
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January 5, 2017 Banking
Bloomberg Deutsche Bank AG is supposed to give relief to subprime mortgage borrowers as part of a $7.2 billion settlement with the US government. It is considering an unusual approach to meeting that requirement: lending money to private equity firms and hedge funds. Germany’s biggest bank, dogged last year by questions about its capital levels, is exploring ways to ...
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January 5, 2017 Banking
DUBAI / Reuters Qatar’s central bank said on Thursday it had sold 1.4 billion riyals ($385 million) of Treasury bills at a monthly auction this week, with yields rising from December’s auction. It sold 750 million riyals of three-month bills at a yield of 1.84 percent, 500 million riyals of six-month at 2.06 percent and 150 million riyals of ...
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January 5, 2017 Banking
Bloomberg Watch out for the unexpected in commodities in 2017. Barclays Plc said raw materials markets from energy to metals face the high likelihood of disruptions, giving a laundry list of possible threats including a default by Venezuela, riots in Chile and a trade war with China. “The new politics of populism and protectionist trade policies have the potential ...
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January 5, 2017 Banking
Bloomberg The world is getting more hazardous for skeptical analysts, the banks that employ them and investors who rely on their published research. Even by the rough-and-tumble standards of emerging markets, Indonesia’s punishment of JPMorgan Chase & Co. this week for a bearish analysis of the nation’s stock market stands out. The country’s finance ministry cut business ties with ...
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January 5, 2017 Features
Veitshoechheim / DPA “Before I came here I was unemployed for quite a while,” says 26-year-old Anna-Lisa Imkeller, as she stands at a high desk in the workshop of the Farassat Foundation. Her table is covered with post-it notes, pens and papers, the model of a wind turbine stands on a shelf and the wall is covered with large ...
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January 5, 2017 Features
Bochum / DPA Heavily tattoed and pierced, wearing harem trousers and a fitted top at work: to look at Marion Marschalek, you might guess she’s a drifter doing the South-East Asian youth hostels, not a star mind at one of Germany’s oldest cyber security firms. The 28-year-old Austrian is in fact much in demand as a malware expert. Ever ...
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January 5, 2017 Energy
Bloomberg Libya is re-opening its last major oil-export terminal and producing at the highest level in more than two years as the war-torn country benefits from an exemption from OPEC output cuts. The Zawiya terminal is preparing to resume exports after the pipeline supplying it was re-opened, an official at the state-run National Oil Corp. said, asking not to ...
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January 5, 2017 Regional News
Bloomberg Investment Holding Group, which plans to sell shares on the Qatar Stock Exchange through an offering that opens next week, is seeking acquisitions that will lift earnings even if sales continue to decline. The company will either borrow or issue additional stock to buy new businesses because all of the proceeds from the initial public offering is going ...
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January 5, 2017 Energy
Bloomberg Oil rose amid projections that US crude inventories declined while OPEC and other producers implement promised production cuts. Futures rebounded after tumbling 2.6 percent Tuesday. US stockpiles probably fell by 2 million barrels last week, according to a Bloomberg survey before an Energy Information Administration report Thursday. While OPEC member Kuwait has already cut output and non-member Oman ...
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