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Rate cut hopes, bargain hunting boost stocksWorld stock markets put in a second consecutive session of bargain-hunting gains on Wednesday following a huge rally on Wall Street and amid widespread expectations of a sharp cut in US interest rates. The mood left the dollar generally we More… |
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OCI buys into US fertilizer firmOrascom Construction Industries (OCI) said on Thursday it paid $340 million for a 20 per cent stake in fertiliser distributor Gavilon, giving the Egyptian company greater access to US markets. Egypt's largest builder by market value said i More… |
