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Poland’s quest to raise rates meets economy running on fumes

  Bloomberg Poland’s central bank has its credibility increasingly on the line after gambling that economic growth is strong enough to commit to tightening as its next move. While the 10-member Monetary Policy Council kept its benchmark interest rate at a record low of 1.5 percent on Wednesday, in line with the predictions of all 30 analysts surveyed by Bloomberg, ...

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Markets absorb shock Trump victory, region seen resilient

  Reuters Gulf stock markets dependent on foreign funds, such as Dubai and Qatar, fell on Wednesday as the region absorbed the shock of Donald Trump’s US election win and prepared for more volatile trad- ing ahead. Trump, feared by markets because of his views on trade, immigration and taxation, may enact policies that could affect the oil price, the ...

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Modi banknote move jolts India stocks, as US vote weighs

  Bloomberg Indian equities and the rupee weakened after Prime Minister Narendra Modi’s government unexpectedly withdrew high-denomination banknotes and as Donald Trump clinched the US presidency. The S&P BSE Sensex tumbled as much as 6.1 percent before trading 2.8 percent lower at 12:50 p.m. in Mumbai. The rupee dropped 0.2 percent to 66.7425 per dollar, poised for its biggest drop ...

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