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Bond Funds Dump Puerto Rico

Franklin Resources Inc., one of Puerto Rico’s largest creditors, sold hundreds of millions of dollars of the island’s bonds in recent days, part of an exodus of investors hurt by accelerating losses in the wake of recent hurricanes.A swath of mutual funds and hedge funds that held on to a portion of Puerto Rico’s roughly $70 billion of bonds even…
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This 35-year-old banker left Goldman Sachs to start a fintech inspired by his mother — 5 years later Goldman gave him £100 million

LONDON — Goldman Sachs has invested £100 million in a fintech startup founded by two of its former bankers that lets people borrow money and repay through their salaries.Neyber, founded in 2014 and launched in 2015, partners with employers to let their staff borrow money at attractive rates.Ijaha and his cofounders — Monica Kalia, 44, another…
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Boeing Lands $11 Billion 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.When finalized, the order would be valued at almost $11 billion before the customary discounts for large aircraft purchases.The pact, unveiled during a…
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ContourGlobal Plans $1 Billion Power IPO in London

ContourGlobal LP is planning an initial public offering that could raise as much as $1 billion, according to people familiar with the matter, amid a wave of investor interest in renewable energy companies.The firm has selected JPMorgan Chase Co. and Goldman Sachs Group Inc. to work on a potential listing...No final decisions have been made and the…
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