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Abu Dhabi hit after bank merger talk quashed

  DUBAI / Reuters Shares of three of Abu Dhabi’s top lenders pulled back on Sunday after the banks denied they were in merger talks, while Saudi shares were hit by profit taking. Egypt’s stock market gained as foreign funds continued to accumulate blue chips. Abu Dhabi’s index dropped 1.7 percent as Union National Bank retreated 5.2 percent and Abu ...

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Biggest comeback breathes life into Japan’s equity bulls

  Bloomberg The global stock market’s biggest comeback story of 2016 isn’t over yet. So say Citigroup Inc., AllianceBernstein and Bordier & Cie, who all see further gains for Japanese shares after the Nikkei 225 Stock Average climbed more than 20 percent from this year’s low. The $5 trillion market has outperformed all its developed-nation peers since late June, buoyed ...

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Trump’s pledges to repeal Obamacare faces reality check

  Washington / AFP With his shock victory in the race for the White House, President-elect Donald Trump at last is in position to deliver on one of his most strident campaign promises: to repeal Obamacare. With fellow Republicans in control of the US Congress, Trump has the means and ostensibly a mandate from his party to gut the law. But ...

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