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Angola opposition party rejects partial poll result

Bloomberg Angola’s main opposition party, the National Union for the Total Independence of Angola, or Unita, said that provisional results that gave the ruling party a majority of the votes in an election earlier this week weren’t valid. “The country doesn’t yet have valid electoral results,” Isaias Samakuva, the leader of Unita, said at a press conference in Viana, on ...

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Low investor turnout before Eid hits bourses

DUBAI / Reuters Thin news flow and upcoming Islamic holidays towards the end of the week kept many long-term equity investors away on Sunday, leaving stock markets in the Middle East vulnerable to profit- taking, but Kuwait’s index bucked the trend. “Speculators are booking capital gains while long-term investors were dormant,” said a Jeddah-based broker. Stock markets are often sparsely ...

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Draghi’s drama-free Jackson Hole reaffirms slow QE exit

Bloomberg Mario Draghi’s message in Jackson Hole recently may not have been dramatic as three years ago but was clear nonetheless: the European Central Bank will go extremely slow about removing its monetary stimulus. While the ECB president startled investors in 2014 by laying the groundwork for quantitative easing, his published remarks at the Federal Reserve symposium in Wyoming included ...

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