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Qatar stock market falls after Fitch downgrade

DUBAI / Reuters Qatar’s stock market dropped on Tuesday after Fitch cut the country’s credit rating, while most other Gulf bourses fell in thin trade but Egypt’s blue-chip index gained strongly, helped by investment firm Qalaa Holdings. Fitch lowered Qatar by one notch to AA-minus with a negative outlook on Monday, citing the impact of sanctions imposed by other Arab ...

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Brexit logjam looms at BoE as EU banks consider moves

Bloomberg A logjam is looming at the Bank of England as almost 80 foreign banks that are operating UK branches decide on their future in post-Brexit Britain. The first choice for lenders from the European Union using the passporting mechanism for their UK business— a device that will no longer be available after Brexit— is whether to stay or go. ...

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Banks waive fees for Harvey-hit customers

Bloomberg JPMorgan Chase & Co., Wells Fargo & Co. and Comerica Inc. are among banks waiving ATM fees for Houston-area customers following flooding from Hurricane Harvey. JPMorgan will also forgo collecting late fees for mortgage, credit card, business banking and auto loans, and will temporarily suspend monthly service and overdraft charges on deposit accounts, the firm said. Wells Fargo also ...

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