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Sharjah Ruler receives Sultan Alneyadi, Hazzaa Almansoori

SHARJAH/ WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, in the presence of H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah, received on Thursday, Astronauts Sultan AlNeyadi, Hazzaa Almansoori and UAE Mission 2 team, at the Sharjah Academy of Astronomy, ...

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Euro drops, stocks gain as ECB rate cut expectations build

BLOOMBERG The euro retreated and stocks climbed as decelerating European inflation added fuel to broader rate-cut expectations that have spurred a global rally in assets this month. The currency was trading 0.4% weaker versus the dollar after the pace of price growth in the region cooled more than expected. Ten-year bund yields were slightly lower after slipping as much as ...

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Rand falls victim to South Africa’s ‘noise’ in dismal November

BLOOMBERG November has been good to South Africa’s rand for the past five years. This time is different. South Africa’s currency is on track for an 0.3% decline against the dollar this month, one of only four emerging-market peers to weaken. MSCI’s developing nation currency index is set for a 2.9% November gain. That’s in contrast to the rand’s performance ...

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Bitcoin retakes $38,000 while rate cut expectations rise

BLOOMBERG Bitcoin climbed back above $38,000 amid optimism the US central bank may be closer to lowering borrowing costs if inflation continues to decline. The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422. Lower rates generally increase investors’ appetite for riskier assets such as digital ...

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Treasuries extending gains as Federal Reserve pivot bet grows

BLOOMBERG Treasuries continued their November rally as expectations grew that the Federal Reserve is done with policy tightening and may start cutting interest rates next year. European equities and US futures edged higher, following a mixed session in Asia. German bonds headed for their longest streak of gains in more than four weeks as state data showed inflation continued to ...

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Stocks retreat on signs Nov rally in equities is overdone

BLOOMBERG European stocks fell for a second day and US futures pointed to a weaker open on Wall Street amid signs the November rally in equities is overstretched. The Stoxx 600 retreated 0.7%, while contracts on the S&P 500 dipped by 0.2%. Dutch biotech Argenx SE sank as much as 17% after preliminary results suggested its only medicine failed in ...

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