Guy Johnson News
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Airbus SAS is confident it can meet its order goal for A380s in 2013 after an accord with lessor Doric Asset Finance Ltd. for 20 jets gave a much-needed boost to the superjumbo that so far hadn’t booked fresh sales this year.
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Legal & General Group Plc, the biggest manager of U.K. pension assets, could invest 15 billion pounds ($24 billion) in infrastructure if the government revised its planning and energy policies, Chief Executive Officer Nigel Wilson said.
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Former Bank of England policy maker Adam Posen said incoming U.K. central bank Governor Mark Carney faces limited choices if he wants sterling to weaken.
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U.S. stocks fell, ending four days of records for the Standard & Poor’s 500 Index, amid disappointing economic data and after a Federal Reserve official said the central bank may slow the pace of stimulus as early as this summer.
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U.S. stocks fell, pulling benchmark indexes down from records, and the Dollar Index reversed losses as Federal Reserve officials discussed scaling back stimulus efforts. Gold futures extended the longest slump since 2011.
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BlackRock Inc.’s Evy Hambro, who manages the $10 billion World Mining Fund, says he will seek talks with Rio Tinto Group management on a planned iron-ore expansion that some analysts say will result in lower prices.
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Spain’s government bonds fell, with two-year note prices slipping for a fifth day, as the nation hired banks to sell 10-year securities and auctioned six- and 12-month bills.
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The yen will decline to 130 per dollar within two years as foreign investment in Japanese bonds wanes amid a climbing rate of inflation, according to John Taylor of FX Concepts LLC.
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Luxembourg will begin the automatic exchange of tax data in 2015, easing its bank-secrecy rules as part of efforts to fight the financial crisis.
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