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Boeing lands $11bn 787 deal from resurgent Turkish Air

Boeing lands $11bn 787 deal from resurgent Turkish Air

Turkish Airlines said it intends to purchase 40 of Boeing Co’s 787-9 Dreamliners, a long-awaited deal that signals the carrier’s rebound following a terrorist attack on its Istanbul hub last year.

London Dana Gas sukuk trial to go ahead despite UAE injunction

London Dana Gas sukuk trial to go ahead despite UAE injunction

A London High Court trial on the validity of a $700mn sukuk issued by the UAE’s Dana Gas will go ahead tomorrow despite a UAE court injunction preventing the gas company and some of its creditors from taking part.

Germany steel workers protest merger plan of Thyssenkrup and Tata

Germany steel workers protest merger plan of Thyssenkrup and Tata

Several thousand steelworkers took to the streets of Bochum in Germany’s industrial heartland yesterday to protest against the planned merger of the European steel units of Thyssenkrupp and Tata Steel.

Yuan fundraising surges well above 2016 levels

Yuan fundraising surges well above 2016 levels

China-focused venture capital funds are increasing their bets on local technology companies and a further opening of Chinese domestic capital markets, raising money in the yuan at the fastest pace in five years.

Most Europe markets end higher; pound weakens

Most Europe markets end higher; pound weakens

European stock markets closed mostly higher yesterday, with Paris boosted by a strong rise in L’Oreal’s shares and London helped by a weaker pound.

T-Mobile, Sprint close to agreeing deal terms

T-Mobile, Sprint close to agreeing deal terms

T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp, people familiar with the matter said yesterday, a major breakthrough in efforts to merge the third and fourth largest US wireless carriers.

German car makers’ HERE spends €640mn on R&D in 2016

German car makers’ HERE spends €640mn on R&D in 2016

German luxury car makers bought HERE for €2.55bn in 2015; company’s book value was €1.83bn end 2016; HERE, once part of Nokia posted €132mn loss in 2016

Australia has a taxing problem when it comes to ‘ghost’ homes

Australia has a taxing problem when it comes to ‘ghost’ homes

On a wet, midweek evening when most Australians are home cooking dinner, fewer than a third of the lights are on in the apartments in Melbourne’s Docklands. Most shops and restaurants are closed. The only people passing through seem to be on their way elsewhere.

Toys ‘R’ Us lives on because Mattel and Hasbro can’t let it die

Toys ‘R’ Us lives on because Mattel and Hasbro can’t let it die

Rest easy, kids. Toys “R” Us Inc isn’t going anywhere, at least not if the makers of Barbie and Transformers have their way.

Sensex sinks 448 points; rupee recovers from its near six-month low

Sensex sinks 448 points; rupee recovers from its near six-month low

Indian stock benchmarks yesterday came under panic attack and closed the day with losses of over 1% due to fears of fiscal maths going haywire because of an imminent government spending push to revive the economy.

Asia markets turn bearish again

Asia markets turn bearish again

Asian markets turned lower yesterday as investors cashed in at the end of a mostly positive week while the dollar weakened against its main peers with analysts questioning the chances of a third US interest rate hike this year.

EM stocks on track for weekly loss

EM stocks on track for weekly loss

A renewed flare-up of tensions between Pyongyang and Washington put emerging markets on track for weekly losses, adding to falls caused by a repricing of US interest rate expectations and higher Treasury yields.

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