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Hackers Empty Mexican Town's Coffers

Hackers left a small Mexican town penniless after breaking into its bank accounts and stealing more than $500,000, officials said Friday.

The theft took place on November 11, when 33 transfers were made from six accounts that the eastern town of Ursulo Galvan had in the Mexican branch of Spain's Banco Santander, the town treasurer said.

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New Records Leave Wall Street Feeling Thankful

As traders finished the last full week of business before Thanksgiving, Wall Street was feeling grateful for a week of fresh records, central bank stimulus and big corporate mergers.

The Dow Jones Industrial Average rose 175.32 points (0.99 percent) to 17,810.06, while the S&P 500 gained 23.68 (1.16 percent) to 2,063.50. Both indices closed the week at all-time highs.

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Turkey to Bridge the Dardanelles in New Mega Project

Turkey is planning to build a bridge across the famed Dardanelles strait to help ease traffic congestion in Istanbul, a minister said, revealing the latest in a string of mega projects under President Recep Tayyip Erdogan.

The straights, which separate Europe and Asia, were last bridged by Xerxes the Great, the Persian "king of kings" in 480 BC on his way to defeat the Greeks at Thermopylae.

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Alibaba Raises $8 Billion in Bond Deal

Chinese e-commerce giant Alibaba on Thursday raised $8 billion in a bond offering, the Wall Street Journal said.

The company announced one week ago that it planned to make the sale, with the intention to repay an $8 billion loan owed to banks. Maturities ranged from three to 20 years in the six-part deal, the Journal reported.

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UBS Study: World's Ultra-Rich Getting Much Richer

A bare 0.004 percent of the world's adult population controls nearly $30 trillion in assets, 13 percent of the world's total wealth, according to a new study released Thursday.

And perhaps unsurprisingly, the study by the Swiss bank UBS and luxury industry consultant Wealth-X said the concentration of money in the hands of the ultra-rich is growing.

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Skymark Airlines Shares Soar 25.6% on JAL Tie-Up Report

Shares in Skymark Airlines soared 25.6 percent Friday on a report that the troubled Japanese carrier was in tie-up talks with Japan Airlines (JAL).

The Tokyo-listed stock skyrocketed 50 yen to at 245 yen ($2) after the leading Nikkei business daily's online edition said the firm was negotiating code-sharing with JAL on some routes.

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Airbus to Sign Deal with Delta for '50 Planes'

European aerospace giant Airbus is poised to sign a deal to deliver 50 long-haul carriers to U.S. Delta Airlines in a contract worth $14 billion (11 billion euros) at catalogue prices, sources told Agence France Presse on Thursday.

Under the terms of the deal, Airbus will deliver 25 A350-900s, the company's new long-haul carrier that this month received certification from the U.S. Federal Aviation Authority, a source close to the negotiations said on condition of anonymity.

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Survey: Eurozone Growth at 16-Month Slow Point

Growth in the eurozone has slowed to its slowest pace in 16 months as new orders dipped, survey company Markit said Thursday, raising pressure on policymakers to crank up measures to support the economy.

Markit's flash reading of its composite purchasing managers' index (PMI) for the eurozone in November came in at 51.4 points, down from 52.1 in October.

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Regulator: Royal Bank of Scotland Fined for IT Failure

British financial regulators have fined state-owned Royal Bank of Scotland a combined £56 million for a series of IT failures that left customers unable to access services, they said Thursday.

The fines, worth the equivalent of $87.6 million or 70 million euros, occurred in June 2012 for failures at also RBS units NatWest bank and Ulster Bank.

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Qatar Airways Chief Takes Swipe at European Carriers

Qatar Airways chief Akbar al-Baker on Wednesday took a swipe at legacy carriers which complain of competition from Gulf carriers, accusing them of being "inefficient" and protected by EU policies.

Legacy carriers "are screaming about the Gulf Three," Baker told an aviation forum in Dubai referring to his airline, Dubai's Emirates and Abu Dhabi's Etihad.

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