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Abu Dhabi stocks in worst run since Oct as Gulf markets drop

  BLOOMBERG Abu Dhabi stocks posted their longest losing streak since October amid a slump in trading across Gulf Arab equity markets as investors held out for more than a $1 billion worth of rights issues. The ADX General Index fell 1.1 percent, declining for the sixth straight day. Emirates Telecommunications Group Co., or Etisalat, the largest phone company in ...

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Hedge funds choking on momentum stocks take another bite

  Bloomberg Hedge funds are piling into the same shares that zapped their returns at the start of the year. They just added momentum stocks for a fifth consecutive quarter, according to an Evercore ISI analysis of 13F filings with the Securities and Exchange Commission. Those shares, loosely defined as the ones that went up the fastest in the past ...

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Top wheat exporter Russia targeting corn as crop rises to record

  Bloomberg After overtaking the U.S. as the world’s largest wheat exporter, Russia is becoming a bigger part of the corn market with expectations for a record crop. Russian farmers will boost production to 13.7 million metric tons in the season starting in October, an all-time high, according to Moscow-based consultant SovEcon. While the nation’s corn shipments are still a ...

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