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Oil hits new highs as Opec members calls for output curbs to continue

Oil reached new highs in London as Opec members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi oil minister Jabbar al-Luaibi said on Saturday that production curbs had contributed to stability […]

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Oil hits highs as Opec members calls for output curbs to continue

Oil reached new highs in London as Opec members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi oil minister Jabbar al-Luaibi said on Saturday that production curbs have contributed to stability […]

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Bank rally pushes markets up again

Global bond yields rose after Bloomberg reported that Chinese officials were said to be wary of American government debt, further roiling a bond market unnerved by a recent sell-off. This drove financial stocks across Europe higher and kept markets on winning run. Reduced asset purchases by the world’s top central banks, rising commodity prices and […]

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Best week since April for European shares as UK, Swiss indices hit records

European shares powered to their best week since last April on Friday, with the British and Swiss benchmarks hitting records, propelled by optimism about a strengthening regional economy and fresh new highs on Wall Street. The pan-European STOXX 600 index was up 0.8 per cent, holding at a two-month high, while euro zone blue chips […]

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Best week since April for European shares as UK, Swiss indexes hit records

European shares powered to their best week since last April on Friday, with the British and Swiss benchmarks hitting records, propelled by optimism about a strengthening regional economy and fresh new highs on Wall Street. The pan-European STOXX 600 index was up 0.8 per cent, holding at a two-month high, while euro zone blue chips […]

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Most-wanted and least-loved stocks as investors eye 2018

Applegreen Fuel forecourt Applegreen, whose shares surged 29 per cent last year, is among the most widely tipped Irish stocks among analysts for 2018, as the Irish economy continues to grow and the group expands further in the UK and the north-eastern US. Merrion Capital expects the company’s operating profits to grow by between 15 […]

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Iseq hits eight-month high as global markets cheer growth indicators

Irish shares rose to an eight-month high on Thursday, driven by CRH, Kingspan and Bank of Ireland, as equity markets globally surged on the back of strong data from the world’s largest economies. The Iseq overall index advanced 0.8 per cent to 7,126.57, a level last seen in May, while the pan-European Stoxx 600 index […]

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Iseq hits 8-month high as global markets cheer growth indicators

Irish shares rose to an eight-month high on Thursday, driven by CRH, Kingspan and Bank of Ireland, as equity markets globally surged on the back of strong data from the world’s largest economies. The Iseq overall index advanced 0.8 per cent to 7,126.57, a level last seen in May, while the pan-European Stoxx 600 index […]

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European stocks start 2018 in the red, failing to capitalise on a positive Asian session

European stocks started 2018 in the red, failing to capitalise on a positive Asian session as the strength of the region’s common currency weighed on exporters. The euro headed for its strongest level in three years as the region’s buoyant economy was seen increasing the chances of an end to central bank stimulus this year. […]

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Norway’s $1 trillion wealth fund steps up ‘No’ votes on executive pay

Norway’s $1 trillion sovereign wealth fund has increased the number of votes against management compensation proposals in the companies it invests in. According to Carine Smith Ihenacho, its global head of ownership strategies, the fund has been proactive since releasing its position paper in April, aiming to curb excessive and opaque top-management pay in firms. […]

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