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Market News

Global Market News for 19 Aug 2018

Emerging markets turmoil revives a dreaded old Opec ghost

The Economic Times - 19 Aug 2018 07:33
For Saudi Arabia, the turmoil in emerging markets is another complication in an already testy environment.
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Benchmark index BSE Sensex gained 0.2 per cent in the holiday-truncated last week.
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It is justified in situations when the price has run far ahead of fundamentals, making the risk-reward ratio unfavourable
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ITC's valuation zoomed Rs 11,062.56 crore to Rs 3,83,522.35 crore.
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The decline in base metals' prices is set to affect the profitability of their primary producers in the July-September quarter
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Venezuela's Great BolivarThe bolivar has taken yet another deep dive. A new sovereign bolivar will replace the old bolivar. The conversion rate will be 100,000 old bolivars to 1 sovereign. These face lifts always accompany... episodes of hyperinflations. The bolivar is in store for a face lift, and nothing more.
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