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ZAR Firms ahead of Election, Rate Decision Next Week

JOHANNESBURG, May 24 Reuters The South African rand strengthened on Friday, ahead of a general election and an interest rate decision next week. At 1507 GMT, the rand traded at 18.4250 against the dollar , up 0.31 from its previous close. The dollar index was around 0.33 weaker against a basket of global currencies. South […]
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Jio Financial Plans 4.33 bln Deal with Reliance Retail

BENGALURU, May 24 Reuters Jio Financial Services JFS is seeking shareholder approval for its unit to acquire equipment worth 360 billion rupees 4.33 billion from the retail arm of Reliance Industries as the financial services provider plans to enter the device leasing business, a postal ballot notice said. Under the proposed deal, the JFS unit called Jio […]
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Indias Bosch Posts Q4 Profit Rise on Higher Demand

BENGALURU, May 24 Reuters Bosch, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 41.5 climb in fourthquarter profit on Friday, helped by better demand for its automotive products and consumer goods. Net profit rose to 5.65 billion rupees 67.99 million in the quarter ended March 31 from 3.99 billion rupees a […]
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Indias Adani Enterprises Recovers to preHindenburg Levels

BENGALURU, May 24 Reuters Shares of Adani Enterprises on Friday bounced back to levels last seen in January 2023, before a report by U.S. shortseller Hindenburg Research triggered a selloff in billionaire Gautam Adani39;s portstopower conglomerate. Shares of the Adani group39;s flagship company rose as much as 2 to 3,453.7 rupees. The stock had closed at […]
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British Equities Drop as Interest Rate Outlook Weighs

FTSE 100 down 0.4, FTSE 250 off 0.3 AJ Bell drops after founder sells 7.5 million shares National Grid up after 11 decline on Thursday Mondi up after Citigroup upgrades to buy May 24 Reuters London stocks slipped on Friday, tracking losses in Asian markets after robust U.S. economic data spurred worries about interest rates […]
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Sterling Holds near TwoMonth Highs in Volatile Week

LONDON, May 24 Reuters The pound eased on Friday after data showed wet weather hit UK consumer spending far more than expected in April, but evidence of sticky inflation, and the surprise announcement this week of a July general election kept sterling near twomonth highs. Sales volumes dropped by 2.3 in April after a 0.2 fall in March, which […]
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