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The $120bn merger pop missing from US equity market

  Bloomberg Cracks in the foundation of the bull market in U.S. stocks are quickly spreading. The Wall Street deal-making machine that powered 2015 to one of the biggest years ever for mergers and acquisitions has slowed, and that means the pop to stock prices that investors could count on from corporate transactions has been reduced. While there are still ...

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Gulf bourses diverge in early trade

  Dubai / Reuters Stock markets in the Gulf trod separate paths on Monday, with Saudi Arabia’s market lagging while the two main markets in the United Arab Emirates held on to small gains. Riyadh’s index was down 1.2 percent after an hour of trade amid a sell-off in petrochemical shares after oil prices weakened. Brent oil was down 0.9 ...

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Dubai investor Fendi to open Monaco’s 1st gold refinery in 2017

  Dubai / Bloomberg Dubai investor Selim Fendi plans to open Monaco’s first gold refinery in early 2017 to meet demand from local and global jewelers looking to make sure they aren’t using metal from conflict areas. Aurum Monaco SAM will produce up to 1 metric ton of gold a month in its first year, with capacity to boost that ...

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