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Egypt rebounds after tumble on rates, Gulf swept by profit-taking

Reuters Egypt’s stock market on Tuesday recovered some of the previous day’s heavy losses while Gulf bourses were weaker as investors booked profits ahead of the holy month of Ramadan, when trading volumes and liquidity often decrease. Cairo’s index rebounded 1.1 percent after tumbling 2.5 percent on Monday, its largest single-day decline since Jan. 19, after the central bank unexpectedly ...

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US stocks, euro rise on economy optimism

Bloomberg US stocks edged to all-time highs and the euro strengthened after data from Germany and France signaled the region’s economic recovery remains on track. Brazilian assets stabilized. The S&P 500 Index’s fourth straight gain took it within two points of a record, while technology companies boosted Stoxx Europe 600 Index after Nokia Oyj settled a litigation with Apple Inc. ...

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HSBC bids for more share in Canadian market

Bloomberg HSBC Holdings Plc is getting aggressive in Canada — and one needs to look no further than its latest mortgage rate for proof of broader ambitions. HSBC Canada is offering five-year fixed-term mortgages at 2.39 percent, undercutting the lowest discretionary rates at the largest domestic lenders including Toronto-Dominion Bank (TDB) and Royal Bank of Canada (RBC). “I want to ...

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