France’s economy unexpectedly shrank in the third quarter while November inflation sank more than anticipated — prompting investors to step up bets that the European Central Bank will cut interest rates in the spring.
Stocks in mainland China emerged as an outlier amid the broad November rally in global markets, with the market extending its run of losses owing to persistent investor concerns about the economic recovery.
Tata Technologies Ltd. almost tripled in its trading debut, with the surge putting the company on track to deliver the best listing gains for any Indian initial public offering of its size.
Turkey’s economy cooled last quarter as the central bank moved to tighten monetary policy after May elections, a pivot that’s turning around sentiment among investors without crashing growth.
Rothschild & Co. and Morgan Stanley are among global investment banks opening up in Abu Dhabi as the deep-pocketed United Arab Emirates’ capital continues to attract more international money and financial firms.
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