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Kenya secures $500 mln syndicated medium-term loan facility

Kenya has secured a $500 million 3-year and 5-year syndicated medium-term loan facility, the banks leading the deal said on Thursday. ....

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Sri Lanka cuts key rates as expected; more cuts seen by year-end

Sri Lanka cut its key interest rates for the second consecutive month on Thursday as inflation tapered after last year's devastating economic crisis and the focus returned to reviving economic growth following a bailout from the International Monetary Fund (IMF). ....

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U.S. factory orders miss expectations in May

New orders for U.S.-made goods increased less than expected in May as a surge in civilian aircraft orders was partially offset by sluggishness elsewhere amid higher interest rates that are eroding demand. ....

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JetBlue says it will end alliance with American to save Spirit merger deal

JetBlue Airways , seeking to protect a planned $3.8 billion purchase of Spirit Airlines , said on Wednesday it would follow a U.S. judge's May order that it end an alliance with American Airlines . ....

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China extends squeezed-out foreign pharmaceuticals firms an olive branch

China's Commerce Minister told foreign pharmaceuticals firms they can expect "more development opportunities" during a roundtable on Wednesday, his ministry said, as drugmakers bemoan government procurement policies pricing them out of the market. ....

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