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Market

UAE shares rebound on technicals; Kuwait slumps
Shares in the UAE on Thursday recovered some losses from the previous session on a technical rebound, while other regional markets were mixed after the global sentiment turned cautiously positive.
Equities capped by China and Ukraine
Concerns over Chinese growth and political tensions in Ukraine took the fizz out of an attempted rally in riskier assets on Thursday, as world shares steadied after their biggest falls for nearly two weeks.
Pakistan rupee 
up 5.2% in world’s 
best performance
Pakistan’s rupee surged 5.2 per cent last week, the best performance among world currencies, as the nation’s rising foreign reserves and improving economy buoyed investor confidence.
Opec raises 2014 oil demand estimate
Opec bolstered forecasts for the amount of crude it will need to provide this year as the economic recovery stokes global fuel consumption.
China worries chill world equities, copper slumps
Shanghai futures lowest since ’09; China ready to ease policy
Gold hits 5-1/2 month high as stocks decline
Gold climbed to a 5-1/2 month high on Wednesday, geopolitical tug-of-war between Russia and Kiev and the West over Crimea and fears of more corporate defaults in China hurt equity markets, increasing the metal’s appeal as an insurance against risk.
Sensex gains 29 points in choppy trade
The BSE benchmark index Sensex on Wednesday recovered by 29 points in a volatile trade on selective buying in pharma, FMCG and banking stocks even as global markets remained weak on concerns over China’s growth.
Zhou sees China’s deposit rates freed within 2 years
Five privately-owned banks to be set up in Shanghai and Tianjin
India halts plans to join bond indexes, defers Euroclear
India has put on ice plans to join major emerging market bond indexes that would require it to remove restrictions on foreign capital inflows, two sources said, signalling easing concerns about the rupee and the balance of payments.
Gold climbs towards four-month high
Gold climbed toward a four-month high in London as the standoff between Russia and Ukraine spurred demand for a haven. Silver advanced.
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