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Hot India property stocks seen extending run on demand surge

Bloomberg Recent weakness in India’s red-hot property stocks could be short-lived as record low interest rates and an economic recovery from the pandemic fuel demand from an increasingly affluent middle class. That’s the view from market watchers, who see large listed firms emerging as biggest beneficiaries amid an ongoing consolidation in $200 billion sector. While the S&P BSE Realty Index ...

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Jardine’s Singapore stocks dropped $5bn

Bloomberg Jardine Matheson Holdings Ltd group stocks have turned from some of Singapore’s best performers to the worst this year amid a resurgence of coronavirus infections in Southeast Asia. Shares of the venerable trading firm, which gets more than half of its annual revenue from Southeast Asia, dropped 8.6% last month, ranking it among the worst performers on the Straits ...

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India, Bahrain celebrate 50 years of diplomatic ties

DELHI / WAM India and Bahrain are celebrating this year the golden jubilee of their diplomatic relations, India’s Ministry of External Affairs said in a press release. Coinciding with this important occasion, V Muraleedharan, India’s Minister of State for External Affairs, began a three-day visit to Bahrain. On the first day of his visit, Muraleedharan met with Abdullatif bin Rashid ...

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