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Dollar surges with stocks as Hurricane Irma threat wanes

Bloomberg The dollar gained, Treasuries retreated and stocks advanced as an appetite for risk returned after an anticipated North Korean missile test failed to materialise and Hurricane Irma struck the US with less force than feared. Gold, the yen and the Swiss franc all fell. Bloomberg’s dollar index was headed for the first increase in eight days, while US stocks ...

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Qatar sinks to 19-month low, SABB surges in Saudi

Reuters Qatar’s stock market sank to a 19-month low on Monday while other regional bourses were mixed in mostly quiet trade, although Saudi British Bank surged in Riyadh. The Qatari stock index dropped 1.6 percent to 8,532 points, its lowest finish since January 2016, in a broad sell-off that saw declining stocks outnumber gainers by 27 to nine. Qatar National ...

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IndusInd pursues $2.2 billion Bharat Financial takeover

Bloomberg IndusInd Bank Ltd., the Indian lender pursuing a takeover of Bharat Financial Inclusion Ltd., is negotiating a potential deal valuing the microfinance provider at about $2.2 billion, according to people with knowledge of the matter. IndusInd, backed by the billionaire Hinduja brothers, is discussing a valuation of around 1,040 rupees per Bharat Financial share, according to the people. That ...

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