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Sunak to struggle in fight to lift UK stocks out of doldrums

Rishi Sunak might be a safe pair of hands for the UK economy, but investors don’t expect his premiership to give a significant boost to country’s beaten-down equities. While the ex-Goldman Sachs banker is set to bring an end to the kind of extreme volatility that characterised Liz Truss’s brief tenure in Downing Street, Sunak’s more prudent fiscal approach is ...

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China rout puts focus on stocks with foreign holdings, says BofA

A record exit by overseas investors from mainland-China equities is putting a fresh focus on stocks with high foreign ownership. Statistics on foreign ownership was the primary client query at Bank of America Corp (BofA) after a leadership reshuffle — which tightened President Xi Jinping’s grip over the country’s ruling party — spurred a historic market rout. “The number one ...

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IHC expands IT businesses with AED1b in first 10 months of ’22

Abu Dhabi / WAM International Holding Company (IHC) is scaling up its information technology businesses, as part of its long-term strategy to grow its capacity in the tech industry across different sectors. Accelerating the growth of its tech businesses portfolio, IHC has increased its technology deals by 100% compared to last year, crossing AED1 billion in the first 10 months. ...

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