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Yellen spurs global stock rally as oil rebounds, dollar tumbles

BLOOMBERG Stocks jumped around the world after Federal Reserve Chair Janet Yellen reasserted the central bank’s gradual approach to raising interest rates. Commodities climbed as the dollar extended its worst month in more than five years. Yellen’s signal that weakening world growth calls for a slow approach to tightening policy ignited gains for shares from Shanghai to Frankfurt after U.S. ...

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Emirates Securities Market up by 1.30 percent

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 1.30% to close at 4482.71 points. Accordingly the Market Capitalization has gained AED 9.31 billion attaining AED 727.15 billion. A total of 0.54 Billion Shares were traded with a total value of AED 0.74 billion during the trading session of 2016-03-30 through 6705 transactions. The number of companies which ...

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Virgin Australia hits turbulence as Air New Zealand mulls exit

SYDNEY / Reuters Air New Zealand (NZ) Ltd, the biggest shareholder of Virgin Australia Holdings Ltd, has on Wednesday announced that it may sell its 26 percent stake in a sign that backers of Australia’s number two carrier are growing impatient with its slow profit turnaround. The move, nine days after Air New Zealand publicly supported Virgin’s request for a ...

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