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Current News from Around the Globe on Stock Markets

Saudi privatisations may accelerate, stock exchange chief says

(Adds comments on foreign ownership, MSCI, other issues) RIYADH, May 5 (Reuters) – A new government policy-making council in Saudi Arabia may accelerate privatisations of state-owned companies, Saudi Stock Exchange chief executive Adel al-Ghamdi said on Tuesday. The Council of … Continue reading

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MIDEAST STOCKS-Saudi slips on strict foreign investment rules, weak data; Egypt jumps

* Saudi regulator finalises foreign investment rules * Makes no major changes, keeps in place tight limits * PMI survey shows non-oil growth slowing * But PMI data positive for UAE, Egypt * IMF commends Cairo’s reforms, says they’re starting … Continue reading

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Cisco veteran Robbins to take over as CEO from Chambers

By Bill Rigby (Reuters) – Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling … Continue reading

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Cisco veteran Robbins to take over as CEO from Chambers

By Bill Rigby (Reuters) – Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling … Continue reading

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Wall Street higher as Berkshire leads finance stocks

By Noel Randewich (Reuters) – Wall Street rose on Monday afternoon as Berkshire Hathaway led finance stocks higher, while shares of McDonald’s declined after the fast-food chain’s turnaround plan failed to satiate investors. Berkshire rose 1.8 percent, giving the biggest … Continue reading

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Wall Street higher as Berkshire leads finance stocks

By Noel Randewich (Reuters) – Wall Street rose on Monday afternoon as Berkshire Hathaway led finance stocks higher, while shares of McDonald’s declined after the fast-food chain’s turnaround plan failed to satiate investors. Berkshire rose 1.8 percent, giving the biggest … Continue reading

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Wall Street ends on upbeat earnings from Berkshire, Cognizant

By Noel Randewich (Reuters) – Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald’s declined after the fast-food chain’s turnaround plan left investors wanting more. Berkshire Hathaway Inc BRKa.N BRKb.N rose … Continue reading

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Wall Street ends on upbeat earnings from Berkshire, Cognizant

By Noel Randewich (Reuters) – Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald’s declined after the fast-food chain’s turnaround plan left investors wanting more. Berkshire Hathaway Inc BRKa.N BRKb.N rose … Continue reading

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US stocks gain, pushing the market close to record levels

NEW YORK (AP) — The stock market closed just short of a record on Monday as investors assessed some positive earnings reports. Cognizant Technology Solutions, a technology consulting business, was the biggest gainer in the Standard Poor’s 500 index after … Continue reading

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US stocks gain, pushing the market close to record levels

NEW YORK (AP) — The stock market closed just short of a record on Monday as investors assessed some positive earnings reports. Cognizant Technology Solutions, a technology consulting business, was the biggest gainer in the Standard Poor’s 500 index after … Continue reading

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