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On March 12, Baidu (09888.HK) announced today that it has completed its convertible bonds with a total principal amount of US$2 billion due in 2032. The initial exchange rate of these bonds is 1,107.0457 shares of Ctrip Group (09961.HK) for every US$100,000 principal, which is a premium of approximately 43% over the exchange price per share in the hedge placement. The company intends to use the net proceeds from the bond issuance to repay certain existing debts, pay interest and for general corporate purposes.European stocks extended their gains, with Germanys DAX index rising 2% on the day, Frances CAC 40 index up 1.47% and the Euro Stoxx 50 index up 1.59%.The three major U.S. stock index futures extended their gains, with Nasdaq 100 index futures rising 1%, Dow futures up 0.63% and S&P 500 futures up 0.83%.On March 12, ING analyst Francesco Pesole said in a report that the dollar could turn higher if data released later showed that U.S. underlying inflation remained high in February. He said the dollar is embedded with "quite a lot of negative factors" and should be more sensitive to news that the Federal Reserve is cautious about cutting interest rates. He said that concerns about U.S. tariffs hurting the slowing U.S. economy have put pressure on the dollar recently, but calls for a recession are often wrong. If data in the coming weeks fail to support market pessimism about the United States, "the trend of the dollar could turn quickly."On March 12, Yakang shares announced that Xiangyuan Zhihong, a person acting in concert with the controlling shareholder, plans to reduce its holdings by no more than 500,000 shares, accounting for 0.58% of the total share capital; Tianyou Yongfeng plans to reduce its holdings by no more than 300,000 shares, accounting for 0.35% of the total share capital; Hengmao Yisheng, a shareholder holding more than 5%, plans to reduce its holdings by no more than 780,000 shares, accounting for 0.91% of the total share capital. The reduction methods are centralized bidding transactions and block transactions, and the reduction period is from April 3, 2025 to July 2, 2025.

Senator Rubio urges that the U.S. FAA evaluate the safety of Russian airlines

Aria Thomas

Jun 24, 2022 12:02

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Senator Marco Rubio on Thursday demanded that the U.S. Federal Aviation Administration (FAA) do a safety study of Russian airlines and notify the American people of the hazards presented by Russian-controlled planes still operating in international airspace.


As a result of sanctions placed by Europe, the United States, and others in reaction to Russia's invasion of Ukraine, Russia's aviation sector has been pushed to curtail flight activities.


Rubio, the leading Republican on the Senate Intelligence Committee, wrote: "As long as Russian airlines continue such operations, they pose a potential threat to international tourists as well as Russians going domestically."


After being blacklisted, some Russian airlines continued to undertake flights to Beijing, Delhi, and Dubai, among other locations.


The FAA did not immediately react, but in April it lowered Russia's aviation safety rating, alleging violation with International Civil Aviation Organization (ICAO) safety requirements by the country's Federal Agency of Air Transport.


The United States joined the European Union and Canada in barring Russian carriers from American airspace in March.


The top aviation safety body for the European Union voiced "grave worry" on the safety of Western-made aircraft continuing to fly in Russia without access to spare parts and routine maintenance.


Patrick Ky, executive director of the European Union Aviation Safety Agency, stated, "This is pretty risky" (EASA) (EASA). According to him, there are reports that Russia will be required to cannibalize planes to keep others flying.


Rubio stated that further teaching from the FAA "about the nature of the possible hazards connected with traveling on airplanes without contemporary components" is urgently necessary.


More than 150 Boeing (NYSE:BA) airplanes flown by Russian airlines were added in March to a list of aircraft thought to contravene U.S. export laws.