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Boeing Closes In on $10 Billion Loan From Citi-Led Group

(Bloomberg) — Boeing Co. is close to securing a $10 billion loan, bolstering the plane maker’s finances in the midst of a crisis that’s seen its 737 Max jetliners grounded after two crashes, according to people familiar with the matter.The financing could still be increased if demand from investors exceeds the target size, the people said. Commitments are due by the end of this week, said the people, who asked not to be named because the details aren’t public. The loan will have a maturity of two years and will include a delayed-draw structure, in which the borrower can access …read more […]

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Congressional Hearing Calls for More Cannabis Research

Over the past year, we’ve gotten used to marijuana legislative history being made time and again.
In March, the Secure and Fair Enforcement (SAFE) Banking Act cleared the House Financial Services Committee. This was the first measure to end prohibition in the U.S. to ever receive a committee vote and then pass.
Then, in September, the SAFE Banking Act cleared a floor vote in the House of Representatives.
In November, the Marijuana Opportunity Reinvestment and Expungement (MORE) Act breezed through the House Judiciary Committee.
There is a current of change in this country. History is being made as efforts to end federal prohibition gain …read more […]

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Guyana opposition candidate pledges to keep Exxon contract intact

Exxon Mobil’s oil contract with Guyana would be exempt from a review of the South American nation’s deals if the opposition wins the March 2 election, the party’s top candidate said. While his People’s Progressive Party (PPP) has criticized President David Granger’s 2016 deal with Exxon as too generous, Irfaan Ali called the company – whose 1 million barrel cargo of Guyana’s first-ever crude production set sail on Monday – a “pioneer” in an interview over the weekend. The PPP’s platform pledged to “immediately engage the oil and gas companies in better contract administration/re-negotiation.” Other companies exploring off …read more […]

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Lithium Americas moves closer to Nevada mine approval

U.S. regulators have moved a step closer toward approving Lithium Americas Corp’s Nevada mine for the white metal, launching a review process that could result in final permits to build by 2021. Albemarle Corp is the only current U.S. producer of lithium. The U.S. Department of the Interior filed paperwork to ask for public comment over the next year on the Thacker Pass project’s environmental impact statement, according to a post on a government website dated Jan. 21. …read more […]

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Business News

China repeats call on Canada to release Huawei’s Meng as extradition trial set to kick off

China on Monday repeated its call for Canada to release Huawei Chief Financial Officer Meng Wanzhou, ahead of her expected arrival in a Vancouver courtroom for the start of a trial to decide whether she can be extradited to the United States.

…read more […]

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The Right Man… at the Right Place… at the Right Time

This week, millions of Americans will pause to celebrate the life and work of Martin Luther King Jr.
Today, Alexander Green reflects on Dr. King’s contributions and why he was the right man at the right place at the right time.

Editor’s Note: The U.S. markets – and The Oxford Club offices – are closed today in observance of Martin Luther King Jr. Day. I hope you’ll take a moment to read Alexander Green’s timeless reflection on Dr. King and his unwavering commitment to equality and the betterment of America.
– Christina Grieves, Senior Managing Editor

On the morning of April 4, 1968, Martin …read more […]

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AerCap CEO warns against panic discounts for Boeing 737 MAX jets

Owners of Boeing’s grounded 737 MAX jet must keep cool heads and avoid offering panic discounts on sale or lease prices to avoid undermining its long-term value, the head of one of the world’s largest aircraft lessors Aercap said on Monday. “Discipline and keeping a cool head is vital because if people panic and lease the airplane or sell the airplane at knock-down rates for an extended period of time, it will be harder for the residual value of that asset to recover,” Aercap’s Aengus Kelly told the Airline Economics aviation finance conference in Dublin. …read more […]