By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department (USDOT) said Tuesday it had fined Virgin Atlantic $1.05 million for flying in restricted airspace over Iraq on numer[...]
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Middle East
Oil prices settle higher on hopes of China demand rebound
By Laura Sanicola (Reuters) -Oil prices settled higher on Tuesday in choppy trading after China posted weak but expectation-beating annual economic growth data and on hopes that a recent shift in its[...]
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U.S. Supreme Court mulls Turkish lender Halkbank’s bid to avoid charges
By Andrew Chung and John Kruzel WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday grappled with thorny questions of sovereign immunity as they weighed a bid by Turkey’s state-owned le[...]
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Exclusive-Montfort wins bid for Uniper’s marine fuels oil refinery in UAE – sources
By Jeslyn Lerh, Julia Payne and Florence Tan (Reuters) – Montfort has emerged as the top bidder for Uniper Energy’s oil refinery in the UAE that produces low-sulphur fuel oil for the shipp[...]
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Fund manager allocation to U.S. stocks in January collapses – BofA survey
By Samuel Indyk LONDON (Reuters) – Fund managers’ allocation to U.S. equities collapsed in January, with 39% saying they had an underweight position, the most since October 2005, a BofA su[...]
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UBS still hiring and in growth mode – CEO Ralph Hamers
ZURICH (Reuters) – UBS is hiring with the Swiss bank in “growth mode,” Chief Executive Ralph Hamers said at the World Economic Forum in Davos on Tuesday. “We are very cautious[...]
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Foreign investors pour $925 million into Egypt since Wednesday
CAIRO (Reuters) – Foreign investors transferred more than $925 million dollars into the Egyptian foreign exchange market in the three days since its currency sharply depreciated last week, Egypt[...]
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L&G plans to vote against Capricorn leadership and NewMed merger
By Shadia Nasralla LONDON (Reuters) -Asset manager Legal & General plans to take the rare step of voting to oust energy group Capricorn’s senior leadership and halt its planned merger with N[...]
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Take Five: Much to say in Tokyo (and Davos)
LONDON (Reuters) -Japan’s central bank looks set to raise its inflation forecasts and debate further policy tweaks, just as business leaders and policymakers descend (in person this time) on the[...]
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