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Saudi, Egypt continue pull-back, MSCI index affects UAE, Qatar

  Reuters Stock markets in Saudi Arabia and Egypt continued pulling back on Tuesday after big rallies earlier this month, while some individual stocks in the United Arab Emirates and Qatar moved sharply after MSCI adjusted its indexes. The Saudi index, which had jumped 22 percent between mid-October and Sunday before profit-taking began on Monday, dropped 2.1 percent to 6,493 ...

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European equities push higher

  London / AFP Europe’s main stock markets forged higher on Tuesday as investors reacted to a surprise dip in British inflation and shrugged off slower-than-expected German economic growth. Britain’s annual inflation rate eased to 0.9 percent in October compared with 1.0 percent a month earlier, despite a Brexit-triggered slump in the pound lifting imported raw material costs for British ...

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OPEC to start final diplomatic push on oil-cuts plan

  CAIRO / Reuters OPEC nations embarked on a final diplomatic effort to secure a deal on oil cuts, with Qatar, Algeria and Venezuela leading the push to overcome the divide between the group’s biggest producers, according to a delegate familiar with the talks. The behind-the-scenes diplomacy comes after bilateral meetings over the weekend failed to resolve the rifts, leaving ...

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