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China stocks fall as traders unimpressed by Xi-Biden meeting

BLOOMBERG Chinese stocks slid following a much-anticipated meeting between Presidents Joe Biden and Xi Jinping, as traders saw only modest progress in the strained ties and as fresh data renewed concern over the world’s second-largest economy. The Hang Seng China Enterprises Index closed down 1.4% to lead losses among major Asia equity gauges. It jumped 4% in the previous session ...

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European stocks pause rally with earnings in focus

BLOOMBERG Stocks paused their rally as the euphoria over a potential dovish pivot by central banks faded and investor attention turned to the latest corporate earnings and deals news. Europe’s Stoxx 600 Index steadied after three days of gains. Burberry Group Plc dropped 6.7% as it warned that this year’s revenue target may be out of reach. HelloFresh SE sank ...

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Tabreed’s revenue soars 10% to hit AED1.8b in 9M 2023

ABU DHABI / WAM Tabreed, the world’s leading district cooling company, reported its financial results for the nine-month period ending on September 30. During the first nine months of the year, Tabreed sustained positive momentum, recording a robust top line of AED1.8 billion, a 10 percent increase year-on-year, compared to AED1.7 billion in the same period last year. Attributed to ...

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