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Top fund likes Japan train stocks, cuts autos on yen

BLOOMBERG A top-performing Japanese fund is shifting its attention to railway operators from automakers on expectations companies that rely on domestic revenue will fare better should the yen rebound. Carmakers, which have been among the Topix’s best sectors this year, may start to face headwinds if a stronger currency reduces the value of their overseas revenue, according to the Eurizon ...

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Stocks steady as traders focus on Fed’s decision; pound slips

BLOOMBERG Stocks posted small moves in cautious trading as investors looked ahead to the Federal Reserve’s interest-rate decision, bracing for any warnings from Chair Jerome Powell that market expectations of policy easing are overdone. Europe’s Stoxx 600 index edged higher, with Inditex SA climbing after the Zara owner forecast a stronger gross margin. Entain Plc rallied 7.5% following news that ...

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LONGi, the star of solar energy at COP28 delivers clean energy action

DUBAI / GULF TIME Amidst the fanfare of COP28 negotiations between countries, the range of pledges for future action towards addressing climate change, and calls for more action across the board of climate issues, COP28 has also seen a refreshing amount of solutions that are already underway. One company leading this charge is the world’s largest solar photovoltaic producer LONGi. ...

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