Telefonica Sells Private Jets, Becomes Less Mobile

Telefonica SA, the Spanish phone company whose net debt is bigger than its market value, plans to reduce its fleet of private jets as part of an effort to cut costs, two people familiar with the matter said.
Australia Rate Cut `Done Deal' Next Week, Lawson Says
09:54 - Toby Lawson, head of global markets, Australia, at Societe General SA, talks about what will influence the Reserve Bank of Australia's policy decision when it meets Tuesday. Lawson also discusses the economic state of China and Japan, and why dollar strength will persist this year. He speaks with Rishaad Salamat on Bloomberg Television's "Trending Business." (Source: Bloomberg)
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