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Boeing looking for new $4 billion revolving credit facility – source By Reuters

(Reuters) - Boeing (NYSE:BA) Co has approached a group of banks for a new $4 billion revolving credit facility, according to a person familiar with the matter, as the planemaker battles a prolonged slowdown in commercial air travel due to the COVID-19 pandemic. Investment-grade rated companies use revolving credit facilities as backstop financing, with these facilities remaining undrawn for the most part....

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Canada shares lower at close of trade; S&P/TSX Composite down 1.39% By Investing.com

Investing.com – Canada equities were lower at the close on Thursday, as losses in the Healthcare, IT and Clean Technology sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite declined 1.39%. The biggest gainers of the session on the S&P/TSX Composite were MEG Energy Corp (TSX:MEG), which rose 6.18% or 0.42 points to trade at 7.22...

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Nasdaq Turns Negative for Year on Tech Tantrum as Powell Fuels Rate Spike By Investing.com

By Yasin Ebrahim The Nasdaq tumbled for a second-day in a row Thursday, falling into correction territory as U.S. rates resumed their sharp acceleration after Federal Reserve Powell offered no clues on ramping-up bond purchases and shrugged off investor fears about rising inflation.       The Nasdaq Composite fell 2.1%, the Dow Jones Industrial Average fell 1.3%, or 335 points, but had been...

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Broadcom Earnings, Revenue beat in Q1 By Investing.com

Broadcom (NASDAQ:AVGO) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Broadcom announced earnings per share of $6.61 on revenue of $6.66B. Analysts polled by Investing.com anticipated EPS of $6.56 on revenue of $6.61B. Broadcom shares are up 1.24% from the beginning of the year and are trading at $445.80 , down-from-52-week-high.They are...

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Volkswagen’s Skoda says to cut 2% of admin jobs in 2021 By Reuters

PRAGUE (Reuters) - Volkswagen (DE:VOWG_p)'s Skoda Auto aims to cut 2% of administrative jobs in the Czech Republic in 2021 by not replacing staff who leave rather than through redundancies, the country's largest carmaker said on Thursday. Skoda, the Czech Republic's biggest exporter, employs around 42,000 people globally. While most of these staff are employed locally, the company declined to give details...

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Powell Says Rate Spike ‘Notable,’ but Fed to Stick With Status Quo By Investing.com

By Yasin Ebrahim Federal Reserve Chairman Jerome Powell said Thursday, the recent spike in rates was "notable" but stressed the central bank would continue the current pace of bond buying and low-level interest environment until substantial progress is made on its job creation and inflation goals.     Powell said the pace of the increase in rates last week "was something that was notable...

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EU to propose revision of its fiscal rules in H2 2021 By Reuters

By Jan Strupczewski BRUSSELS (Reuters) - The European Commission will propose towards the end of the year how to simplify the European Union's complex budget rules, cut accumulated debt and boost investment, European Economic Commissioner Paolo Gentiloni said on Thursday. A revision of the rules, called the Stability and Growth Pact, started early last year, but the Commission suspended it because of...

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Germany agrees to pay operators 2.4 billion euros for nuclear exit – FAZ By Reuters

BERLIN (Reuters) - The German government has agreed to pay nuclear operators 2.4 billion euros in compensation for an early nuclear shutdown after the Fukushima disaster, the Frankfurter Allgemeine Zeitung daily reported on Thursday, citing government sources. Germany decided to decommission some nuclear power plants immediately after the Japanese disaster in 2011 and the rest under an accelerated schedule up to...

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.13% By Investing.com

Investing.com – U.K. equities were lower at the close on Thursday, as losses in the Mining, Industrial Engineering and Industrial Metals & Mining sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 0.13%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Melrose Industries PLC (LON:MRON), which rose 3.70%...

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