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Stocks roar back, bonds fall as trade angst ebbs; dollar drops

Bloomberg US equities rallied back from the biggest weekly rout in more than two years, with major benchmarks surging the most since early February on signs that an escalation of trade tensions was beginning to ease. Technology firms and banks were among the biggest gainers on the S&P 500 Index as a measure of the gauge’s valuation rose from a ...

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Gulf stocks muted, Saudi bourse closes up despite missile attacks

Reuters Middle Eastern stocks were mixed on Monday with investors in Saudi Arabia largely ignoring an apparent escalation in the country’s three-year war with Yemen, after the conflict caused its first civilian death within Riyadh. The kingdom’s air defences shot down seven ballistic missiles fired by Yemen’s Houthi forces late on March 25, and debris killed an Egyptian resident of ...

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TPG nears deal for $1.2 billion Indian hospital chain Fortis

Bloomberg A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, people with knowledge of the matter said. The investor group, which also includes Manipal Health Enterprises Pvt, could announce a deal as soon as the next few days, according to the people, who asked not ...

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