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European stocks, futures retreat; Treasuries rise

Bloomberg European stocks and the US futures dropped as coronavirus infections continued to climb and investors doubted that Washington lawmakers will reach an economic stimulus package anytime soon. German software maker SAP SE plunged 20% after cutting its revenue forecast, saying that pandemic will continue to hurt business. Investors sought protection in haven assets. Treasuries rise, sending yields on the ...

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India stocks fall as US stimulus concern mutes sentiment

Bloomberg India stocks fall as an elusive US stimulus deal kept sentiment muted in the region while investors closely watched local companies’ earnings. The S&P BSE Sensex lost 1.6% to 40,042.70 as of 2:19 pm in Mumbai, while the NSE Nifty 50 Index also declined by the same magnitude. “It is predominantly global factors at play here with US futures ...

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UAE keen to boost cooperation to achieve global prosperity: VP

Dubai / WAM Under patronage of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, the World Government Summit Foundation, in partnership of the United Nations, is organising high-level virtual celebratory event entitled “75 Minutes for Global Collaboration” on Monday. The event will address the importance of international cooperation, ...

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