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Devaluation bets spur Egypt stocks

  BLOOMBERG Egyptian stocks had the biggest advance in almost four months, leading gains across most Middle Eastern markets, as traders speculated the country may devalue its currency as early as Tuesday. The EGX 30 Index jumped 4.7 percent at the close in Cairo, with trading volumes on the main gauge 157 percent above the average of the past 20 ...

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Sugar surge helps boost global food prices

  Bloomberg Global food prices climbed the most in almost four years, boosted by a rally in sugar and gains in grains, dairy and meat. The United Nations’ food-price index jumped 4.2 percent in June, the most since July 2012, the group’s Food & Agriculture Organization said on its website. The gauge, which monitors 73 different food prices, advanced for ...

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Commodities rally fizzling out as Merchant Fund sees oil drop

  Bloomberg The best is probably over for commodities this year as the Brexit vote adds risks to global growth and oil is set to retreat, according to the Merchant Commodity Fund, which returned 9 percent in the first half. The fund, run by ex-Cargill Inc. employees Doug King and Michael Coleman, has changed its commodities outlook to neutral from ...

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