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Saudi PetroRabigh surges on earnings

Reuters Saudi Arabia’s stock market fell on Tuesday despite a big rebound by petrochemical company PetroRabigh, while Dubai Investments helped offset losses by real estate-related shares in that market. The Saudi stock index dropped 0.2 percent as PetroRabigh’s gain failed to bolster the petrochemical sector as a whole while banking and insurance stocks weighed heavily on the market. PetroRabigh jumped ...

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India’s bank rescue to spur GDP growth

Bloomberg Goldman Sachs Group Inc. just got more bullish — and hawkish — on India. While the investment bank has for months been an outlier predicting monetary tightening in Asia’s No. 3 economy, it now sees the rate increases coming earlier than investors expect. That’s because the government’s plan to inject a record 2.1 trillion rupees ($32 billion) of fresh ...

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BOJ stands pat on policy as it trims inflation outlook again

Bloomberg The Bank of Japan left its massive monetary stimulus program unchanged even as it trimmed its inflation forecasts, signaling further divergence ahead from its global peers. Governor Haruhiko Kuroda and the board voted on Tuesday to maintain the central bank’s yield curve control program and asset purchases, a result predicted by all 43 economists surveyed by Bloomberg. The vote ...

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