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MIDEAST STOCKS-Earnings drag down Saudi, tax fears continue to weigh on Egypt

DUBAI, Jan 22 (Reuters) – Weak fourth-quarter earnings at several major Saudi Arabian companies dragged down that market on Sunday, while most other Gulf bourses were firm. Tax fears continued to weigh on Egypt. The Saudi index dropped 0.4 percent … Continue reading

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BUZZ-Saudi bank shares slide on Q4 earnings misses

Jan 22 (Reuters) – ** Shares in nine of 12 listed Saudi banks drop after several posted fourth-quarter earnings below estimates ** Alawwal Bank falls 6.4 percent after swinging to net loss of 249.3 million riyals ($66.5 million) from year-earlier … Continue reading

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RHB Securities: Eagle High earnings to rebound

KUALA LUMPUR: PT Eagle High Plantations’ potential earnings rise and Felda’s acquisition could be a catalyst for unlocking the Indonesian firm’s share price, said PT RHB Securities Indonesia. In a research report titled “Flying High Like An Eagle”, RHB Securities … Continue reading

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Morgan Stanley CEO James Gorman's 2016 pay up 7 percent to $22.5 million

By Olivia Oran (Reuters) – Morgan Stanley Chief Executive James Gorman’s overall pay rose 7 percent in 2016 as the Wall Street bank’s stock soared and it edged closer to hitting a key profitability target. Gorman will receive $22.5 million … Continue reading

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Maverick Capital eyes rebound on bets Trump may roil Wall Street

By Svea Herbst-Bayliss BOSTON (Reuters) – U.S. President Donald Trump’s policies could lead to more violent stock market movements, something prominent hedge fund manager Lee Ainslie said could help his portfolio rebound after a lousy 2016. Ainslie’s $11 billion Maverick … Continue reading

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Wall Street off day's best levels after Trump inaugural speech

By Caroline Valetkevitch (Reuters) – U.S. stocks were up but off their best levels of the session on Friday afternoon as Donald Trump’s inaugural speech as U.S. President reinforced worries for some investors about future trade policies. In his speech, … Continue reading

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Nasdaq backs trading illiquid stocks only on listing exchange

By John McCrank NEW YORK (Reuters) – Nasdaq Inc will ask U.S. regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges on which they are listed, the market … Continue reading

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U.S. stocks pare gains after Trump's inaugural speech

By Yashaswini Swamynathan (Reuters) – Wall Street pared gains sharply on Friday after Donald Trump made his inaugural speech as the 45th president of the United States. “From this day forward it is going to be only America first,” Trump … Continue reading

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Wall Street trims gains as President Trump speaks

A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., January 20, 2017. REUTERS/Stephen Yang More (Reuters) – U.S. stocks trimmed gains at midday on Friday, shortly after Donald Trump started … Continue reading

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Wall Street rises as Trump inauguration kicks off

By Yashaswini Swamynathan (Reuters) – U.S. stocks rose amid gains across sectors on Friday as Donald Trump gets set to become the 45th president of the United States. Trump will be sworn in by U.S. Supreme Court Chief Justice John … Continue reading

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