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MIDEAST STOCKS-Saudi rebounds on OPEC deal but ends week with big loss

* Saudi petrochemicals lead gains * U.S. Congress vote on suing Saudi has little impact * But some analysts see long-term problem * UAE markets follow global bourses higher * Egypt’s Orascom Construction rises on buy-back price By Celine Aswad … Continue reading

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PepsiCo's drinks, snacks boost sales in North America

PURCHASE, N.Y. (AP) — PepsiCo sold more of its beverages and Frito-Lay snacks in North America during the third quarter, helping it deliver a profit that beat Wall Street expectations. The maker of Gatorade sports drinks and Mountain Dew soda … Continue reading

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Wall Street lower as oil pulls back

By Yashaswini Swamynathan (Reuters) – U.S. stocks were slightly lower in choppy trading on Thursday morning as oil prices pulled back and investors assessed a set of economic data and comments from Federal Reserve officials. Oil prices rallied nearly 6 … Continue reading

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South Africa's political uncertainty, reform of state firms a concern: S&P

JOHANNESBURG (Reuters) – The slow reform of South Africa’s state-owned firms and the upheaval swirling around the finance minister pose risks to the country’s investment grade credit rating, an executive from Standard & Poor’s said on Thursday. “We have said … Continue reading

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TI Fluid Systems looks to raise 600 million euros in London debut

By Noor Zainab Hussain (Reuters) – Auto parts maker TI Fluid Systems said it expected to raise about 600 million euros (£517.99 million) in an initial public offering in London, signalling a return of IPOs that were put on the … Continue reading

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Oil shares lift global stocks, crude dips on doubt over OPEC deal

By Nigel Stephenson LONDON (Reuters) – An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher. Global stocks were pulled higher by … Continue reading

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GLOBAL MARKETS-Oil shares lift global stocks, crude dips on doubt over OPEC deal

* Oil company shares lift global stocks after OPEC deal * Wall St seen opening flat after Wednesday’s oil-fuelled rise * Crude dip on doubts over implementation * Oil producers’ currencies pull back after post-deal surge * Increased risk appetite … Continue reading

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India's FX, stock markets to stabilise within days – govt official

MUMBAI (Reuters) – India’s rupee and stock markets will stabilise in a few days, Economic Affairs Secretary Shaktikanta Das said on Thursday, following a sharp fall in the markets after India launched attacks on suspected militants. “The markets including the … Continue reading

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MIDEAST STOCKS-Saudi rebounds as petchems rally on OPEC deal

(Updates with market rebounding) DUBAI, Sept 29 (Reuters) – Saudi Arabia’s stock market rebounded in afternoon trade on Thursday on the back of petrochemical stocks, which rallied in response to OPEC’s production deal to restrain output and prop up oil … Continue reading

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British Steel goes from losses to positive earnings

LONDON (Reuters) – British Steel has gone from making several million pound losses to positive earnings month-on-month this financial year, Executive Chairman Roland Junck said on Thursday. The company expects further improvement over coming months. The new British Steel was … Continue reading

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