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News

06 Jan MIDEAST STOCKS-Saudi, UAE rise on banks; Qatar retreats

Posted at 07:54h in News by KMFSLLP 0 Comments

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Most major Gulf stock markets rose on Tuesday, led by banking shares, though Qatar was marginally lower, weighed down by its financial stocks.

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06 Jan China shares close at 8-month high as Middle East concerns ebb

Posted at 07:44h in News by KMFSLLP 0 Comments

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China's benchmark index closed at its highest level in more than eight months on Tuesday, resuming a rally prompted by hopes of a brighter trade outlook and more policy support, as worries over Middle East tensions eased.

06 Jan Zegona to buy back 10 mln stg of shares to boost underlying asset value

Posted at 07:21h in News by KMFSLLP 0 Comments

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Zegona Communications, a telecoms investment firm that owns a stake in Spain's Euskaltel , said it would buy back 10 million pounds ($13 million) worth of its shares, which trade at a discount to the value of its investments and cash.

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06 Jan UBS overhauls European wealth management business – memo

Posted at 07:15h in News by KMFSLLP 0 Comments

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UBS Group is reorganising its flagship wealth management business in the Europe, Middle East and Africa region, according to a staff memo seen by Reuters and confirmed by the Swiss bank.

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06 Jan UPDATE 4-Australia strengthens bushfire defences as economic, environmental costs mount

Posted at 07:04h in News by KMFSLLP 0 Comments

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Australian firefighters used a break from searing temperatures on Tuesday to strengthen containment lines around huge wildfires as the financial and environmental costs of the crisis mounted.

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06 Jan Take it or leave it: Philippines’ Duterte offers new water contract terms

Posted at 06:48h in News by KMFSLLP 0 Comments

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The Philippine government will take over the capital's water distribution services if the two largest water firms refuse to accept the terms of new contracts that will be offered to them, the presidential spokesman said on Tuesday.