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Top banks weigh on Abu Dhabi, other Gulf markets move little

  DUBAI / Reuters Shares in two of Abu Dhabi’s top banks fell on Wednesday after fourth-quarter earnings, while other Middle East markets hardly moved as global equities and oil prices offered little positive impetus. National Bank of Abu Dhabi (NBAD) slid 5.0 percent after posting a fourth-quarter net profit of 1.33 billion dirhams ($362 million), up 28 percent from ...

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European stocks bounce back from 3-day selloff

  Bloomberg European stocks rallied on Wednesday as earnings reports from Siemens AG and Volvo AG boosted industrial shares, while positive data from China and the U.S. helped lift shares most sensitive to economic growth. The Stoxx Europe 600 Index advanced 0.9 percent at the close. The benchmark is rebounding after capping its worst three-day drop since the week before ...

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Dollar rises, treasuries fall as Fed meeting looms

  Bloomberg The dollar advanced, while Treasuries tumbled as corporate results and economic data bolstered optimism that growth is accelerating before the Federal Reserve’s latest policy decision. U.S. stocks erased early gains. The S&P 500 Index was little changed as 10-year yields above 2.50 percent weighed on high dividend paying industries and boosted banks. Apple Inc. rose the most since ...

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