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Bloomberg US stocks and the dollar rose while Treasury yields edged lower, as investors eyed the ongoing tax reform debate and the confirmation hearing for Federal Reserve chair nominee Jerome Powell. The S&P 500 Index rebounded to a record after starting the week lower, following gains by stocks in Europe driven by energy firms. In Asia, shares in Hong Kong ...

Reuters Egypt’s stock market surged on Tuesday after the central bank removed caps on deposits and withdrawals of foreign currency for importers, scrapping one of the last currency controls in place since 2011. The blue-chip index registered its biggest daily jump since March as it rose 2.2 percent to a record closing high of 14,537 points, passing its previous peak ...

Bloomberg Airbus SE appointed Rolls-Royce Holdings Plc’s Eric Schulz as sales chief, plucking a top executive from one of its most important partners to replace John Leahy, who racked up more than $1.7 trillion dollars in jetliner deals over 23 years. Schulz, 54, the head of civil aerospace at the UK engine maker, will join Airbus as an executive vice ...

Bloomberg British Airways owner IAG SA chose Paris as a second base for its discount airline Level, which will offer transatlantic flights to destinations like New York and the Caribbean as carriers compete to lower prices on longer routes. CEO Willie Walsh unveiled the plan in the French capital, which won out over Rome for the designation. Level plans to ...

Bloomberg EasyJet Plc, Britain’s biggest discount airline, has revealed that men at the company earn on average 51.7 percent more than women, one of the highest gender pay gaps reported so far in the UK as part of government transparency requirements. Under the new rules, businesses with more than 250 employees have to report the extent of the pay gap ...

Bloomberg Macy’s Inc. CEO Jeff Gennette says the holiday season is off to a strong start, helped by a surge in outerwear sales. The retailer had sold 200,000 coats during Black Friday morning itself, Gennette said in an interview. And he expects to ring up a million coats, sweaters and fleeces during the long weekend. The outlook suggests that Macy’s ...

Bloomberg The airport in Bali will remain closed for a second day as a volcano on the Indonesian island continued to rumble, prompting more flight cancellations while authorities scrambled to assist stranded passengers. The Ngurah Rai International Airport at the popular Asian tourist spot will be shut until 7 am on Wednesday, Sutopo Purwo Nugroho, a spokesman for Indonesia’s National ...

Bloomberg All OPEC members support extending their oil production cuts until the end of 2018, although Russia hasn’t yet committed to the proposal bef- ore Thursday’s meeting in Vienna, said people familiar with the matter. While Russia and the Organization of Petroleum Exporting Countries have crafted the outline of a deal to continue their curbs for nine months beyond the ...

Bloomberg Royal Dutch Shell Plc will pay its entire dividend in cash for the first time in more than two years as Europe’s biggest oil company seeks to demonstrate it has left the worst of the crude slump behind. From this quarter, Shell will no longer offer shareholders the option to take the payout in stock, it said. The company ...

Bloomberg Afghanistan will build its first 20-megawatt solar power plant in a bid to meet rising energy demand in a country that imports most of its electricity. The project in the capital will be funded by the Asian Development Bank, which is providing $45 million, according to a statement emailed. It will be built in the Naghlu area of Kabul’s ...