Dubai’s Emaar group felt the downside of being a proxy for investments in the local exchange as traders rushed to price in the impact of the coronavirus on the city’s real estate, hospitality and retail industries.
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Thyssenkrupp AG plans to choose a winner Thursday in the hotly-contested bidding for its elevator unit, with Blackstone Group Inc. pitching long-term investments in an attempt to win over the German company, people with knowledge of the matter said.
Alexei Bachurin, the London-based head of equity trading at Russia’s biggest brokerage, was fired this week for gross misconduct, according to a person with knowledge of the matter.
Two weeks before the European Central Bank’s next meeting may continue discussions on its inflation goal, Executive Board member Isabel Schnabel is urging greater patience in bringing price growth back on track.
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