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Adani stocks fall as firm starts tour to win back investors

BLOOMBERG Most Adani group stocks fell as the embattled Indian conglomerate kicked off a charm offensive with fixed-income investors in Asia, its latest effort to stem the fallout from a short-seller’s attack. All of the group’s 10 stocks dropped, led by a 10% plunge in flagship Adani Enterprises Ltd., taking its market value wipeout to about $154 billion since Hindenburg ...

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Europe, US stocks push higher after Wall Street’s dismal week

BLOOMBERG European stocks and US equity futures markets pushed higher early on Monday, following Wall Street’s worst week since December that saw traders come to terms with central bank policy that may remain restrictive for longer than thought on both sides of the Atlantic. The Stoxx 600 Index rose more than 1%, with technology firms and retailers pacing gains and ...

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Sharjah issues, renews 64,089 licences in 2022

SHARJAH / WAM  Sharjah Economic Development Department (Sedd) released the results of Sharjah’s commercial and economic activities report during 2022, where 64,089 licences were issued and renewed in the past year, with a growth rate of six percent over 2021. This report included 7,615 new licences issued and 56,474 renewed. The department reviewed the results and the main developments and ...

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