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European stocks retreat with US peers before earnings, Trump

  Bloomberg European stocks fell, following stocks in the US, as investors awaited earnings reports and assessed the US president’s latest moves on trade and immigration. The Stoxx Europe 600 Index declined 0.4 percent at 3:48 p.m. in London, approaching its lowest close this year. Media and chemicals shares fell the most, while gains in retail and real estate companies ...

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Mideast funds positive on bonds, bullish on stocks

  DUBAI / Reuters Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly Reuters poll found. The poll of 13 leading fund managers, conducted over the past week, found 46 percent expect to raise their investment in fixed income ...

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FGB achieves record net profit of AED6.03 billion

  Abu Dhabi / Emirates Business FGB, one of the leading banks in the UAE and the largest by market capitalisation, achieved a record group net profit of AED 6.03 billion for the full year 2016, compared to AED 6.01 billion in 2015, marking its 17th consecutive year of consistent growth in profitability. Full year 2016 Earnings Per Share amounted ...

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