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India set for as much as $1.5bn inflows with MSCI changes

BLOOMBERG Indian equities will likely receive a net inflow of $1.5 billion after changes by MSCI Inc is set to boost the nation’s representation in its developing markets gauge to a record, according to Nuvama Wealth Management Ltd. Nine stocks, including IndusInd Bank Ltd and wind-turbine maker Suzlon Energy Ltd, will be added to MSCI’s global standard gauge on November ...

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Stocks rally on interest rate relief wagers; pound slips

BLOOMBERG Stocks extended gains as investors welcomed cooler-than-expected inflation readings in the US and the UK as evidence central banks may be done with their aggressive interest-rate increases.  Europe’s Stoxx 600 Index rose 0.6%. Alstom SA slumped 17% after the train maker said it’s cutting jobs and selling assets to shore up its balance sheet. US equity futures rose more ...

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UAE leaders congratulate King of Belgium on ‘King’s Feast’

Uae leaders

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Philippe of Belgium, on the occasion of King’s Feast, which is observed on November 15. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness ...

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