Thursday 26 May 2016
 
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Asian shares slip from 3-week high as oil rally reverses

Asian shares slipped from near three-week highs on Friday as a rally in oil prices reversed and investors remained cautious about the outlook for the global economy.   MSCI's broadest index of Asia-Pacific sh

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Al Ramz plans reverse takeover with DDC deal

Al Ramz Capital, a brokerage house in the UAE, is planning a reverse takeover with its acquisition of 82.4 per cent of Dubai Development Company (DDC), three sources familiar with the matter told Reuters on Thursday.  

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RBI may reverse monetary policy

The Reserve Bank of India (RBI) could reverse its monetary tightening cycle, if December inflation falls sharply, a senior finance ministry official said yesterday, a day after a central banker said interest rates have peaked. The RBI has

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Saudi board reverses Emaar compensation ruling

Emaar Properties said on Saturday it would appeal a Saudi ruling reversing an earlier judgment in its favour in a lawsuit that had sought $1.2 billion in compensation. 'It is not clear yet how the whole arbitration process, which has t

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