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Chamber, Qatari-Russian Business Council look to boost ties

Chamber, Qatari-Russian Business Council look to boost ties

Qatar Chamber vice chairman Mohamed bin Towar al-Kuwari and officials from the Qatari-Russian Business Council review cooperation ties between Qatar and Russia during a meeting held yesterday.

Turkey warns Iraq Kurds it can cut off oil exports

Turkey warns Iraq Kurds it can cut off oil exports

Turkey can choose to “close the valves” on oil exports from Iraq’s Kurdish region through the Turkish port of Ceyhan, President Recep Tayyip Erdogan warned as Kurds voted yesterday in a referendum on independence from Iraq.

Saudi shares plunge on fear of FTSE upgrade delay

Saudi shares plunge on fear of FTSE upgrade delay

Saudi Arabia’s stock index fell yesterday on rumours that index compiler FTSE might not upgrade Riyadh to emerging-market status as quickly as hoped, while Qatar notched up its fifth straight session of gains.

Macron, Gentiloni said to be near deal giving Italy control of STX

Macron, Gentiloni said to be near deal giving Italy control of STX

French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni are close to an accord that would give Fincantieri majority control of the French shipyard STX, ending a diplomatic dispute between the two countries.

Air Berlin races to clinch deal with Lufthansa, easyJet

Air Berlin races to clinch deal with Lufthansa, easyJet

Insolvent German airline Air Berlin hopes to conclude talks with Lufthansa and easyJet on a carve-up of its assets by the middle of next month as it races to secure jobs and keep flying.

Australia set for tougher rules for bank executives

Australia set for tougher rules for bank executives

Australia’s prudential regulator should be given powers as soon as October to cap bank executives’ salaries, delay their bonuses and drive them out of the industry if they were guilty of wrongdoing, Treasurer Scott Morrison said yesterday.

Unilever steps up beauty push with Carver Korea deal

Unilever steps up beauty push with Carver Korea deal

Unilever has agreed to pay €2.27bn ($2.71bn) to buy fast-growing cosmetics company Carver Korea in its latest move to build a global beauty business.

Euro slides after Merkel’s ‘poor showing’ in election

Euro slides after Merkel’s ‘poor showing’ in election

The euro lost ground yesterday as investors worried about looming political infighting in Germany after an election that won Angela Merkel a fourth term as chancellor, but also gave a hard-right opposition party parliamentary seats for the first time.

Oil market looking ‘heck of a lot better’ lures hedge funds

Oil market looking ‘heck of a lot better’ lures hedge funds

Things are looking up for oil and it’s bringing hedge funds back.

Sensex sheds 296 points; rupee weakens to 65.12

Sensex sheds 296 points; rupee weakens to 65.12

The Sensex closed at almost a month low by plunging 296 points while the Nifty languished below 9,900, over global uncertainties and foreign capital outflow.

Tokyo stocks rise on weaker yen

Tokyo stocks rise on weaker yen

Japanese stocks rallied on a weaker yen yesterday as traders bet Prime Minister Shinzo Abe will call a snap election, but other Asian markets struggled on persistent North Korea concerns following a weekend of tense exchanges with Donald Trump.

Asia tech, property shares take emerging markets to 2-week low

Asia tech, property shares take emerging markets to 2-week low

Emerging equities hit two-week lows yesterday, weighed down by global politics, the prospect of higher US interest rates, a retreat in tech stocks and weak Chinese property shares.

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