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Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan
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U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according…

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China to probe FedEx after Huawei says parcels diverted
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China will investigate whether FedEx Corp damaged the legal rights and interests of its clients, the official Xinhua news agency said on Saturday, after Chinese telecoms giant Huawei said parcels intended for it were diverted.

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Wells Fargo to donate $1 billion toward affordable housing by 2025
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Wells Fargo & Co said on Wednesday it will narrow the focus of its philanthropy toward three causes including affordable housing and will donate $1 billion to housing over the next few years.

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Oil rises on supply cuts, but weak economy holds market back
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Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington’s withdrawal of a tariff threat against Mexico removed a cloud over the global economy.

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U.S.-China tariffs tiff saps emerging market bond rally: UBS debt chief
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U. S. President Donald Trump’s tariffs confrontation with China may force global bond investors to rethink exposure to emerging markets despite robust 2019 gains, according to a Wall Street portfolio…

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Wealth clients willing to pay for financial advice, 33% switch providers: study
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Wealth management clients are increasingly willing to pay for financial advice as their needs evolve, choosing an average of five providers, with one-third switching managers in the past three years,…

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Australian wealth manager IOOF hit with class-action lawsuit
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Australia’s embattled second-largest wealth manager, IOOF Holdings Ltd, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached stock market disclosure…

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Burnout Nation: How companies are de-stressing workforces
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No matter who you are or what you do, let me take a wild guess: You feel a little burned out right now.

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Battle for Hong Kong Airlines pulls complex HNA holdings into daylight
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Shareholders summoned by Hong Kong Airlines this month for a meeting were greeted with some shocking news: the airline needed at least HK$2 billion in fresh funds or it would lose its operating license.

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