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Euro gains as economy gathers pace

Bloomberg The euro gained as European data boosted confidence in the region’s growth and a speech by ECB President Mario Draghi steered clear of any policy or currency comments to deter bulls. Gold and yen rose and stocks fell as remarks by President Trump provoked another bout of investor caution. The surprise increase in a gauge of euro-region manufacturing did ...

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Small caps support Saudi; Egypt falls amid US aid denial

DUBAI / Reuters Stock markets in the Middle East were mixed on Wednesday with Saudi Arabia finding support from smaller companies while property developers were strong in Dubai. The Riyadh index edged up 0.1 percent. Nine-tenths of the top 20 gainers were small to mid-sized stocks including Saudi Indian Co for Cooperative Insurance (Wafa), which added 1.6 percent after saying ...

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US banks could see profit jump 20% with Trump deregulation

Bloomberg The deregulation winds blowing through Washington could add $27 billion of gross profit at the six largest US banks, lifting their annual pretax income by about 20 percent. JPMorgan Chase & Co. and Morgan Stanley would benefit most from changes to post-crisis banking rules proposed by Donald Trump’s administration, with pretax profit jumping 22 percent, according to estimates by ...

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