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Global equity fund inflows rise as investors add tech stocks after market dip 

Inflows into global equity funds rose in the week to July 1, as investors took advantage of a pullback in major markets to add technology stocks, betting that the sector’s earnings momentum would be intact.A net $10.44 billion poured into these funds, about a quarter higher than the prior week's $8…

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India police arrest one for alleged child abuse at Capgemini daycare campus

By Chandini MonnappaIndian police have arrested one woman and are investigating four other suspects who worked at a childcare facility at the Indian unit of French IT services firm Capgemini EURONEXT:CAP following allegations of child abuse there, police said on Friday.The investigation was launche…

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FX gets relief from falling core rate hike bets

Central Eastern European currencies held near this week's highs on Friday, after weaker than expected U.S. labour data eased expectations of interest rate hikes in core markets.The dollar fell towards its biggest weekly loss in 12 weeks on Friday after a tepid U.S. jobs report cooled market expecta…

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Forex
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Swiss glaciers rapidly lose protective snow in punishing European heatwave

By Cecile MantovaniSnow on Swiss glaciers disappeared weeks earlier than usual this summer under the glare of a European heatwave, pitching the Alps into another year of heavy ice loss, scientists say.Researchers say that on June 29, the Rhone Glacier in southern Switzerland reached so-called "Glac…

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NABARD accepts bids for bond issue, bankers say

India's National Bank for Agriculture and Rural Development has accepted bids worth 80 billion rupees ($839.28 million) for bonds maturing in three years, five months and eight days, three bankers said on Friday.NABARD will pay an annual coupon of 7.16% to the investors of this issue and had invite…

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British firms hold firm on price rises despite Iran war de-escalation - BoE

British businesses showed no sign of easing their price expectations in June despite a de-escalation of the Iran war that had sent energy costs surging, a Bank of England survey showed on Friday.The BoE's Decision Maker Panel showed firms expected their prices to rise 4.1% in the year ahead in the…

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Economy
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IIFCL accepts bids for bond issue, bankers say

India Infrastructure Finance Co (IIFCL.UL) has accepted bids worth 18.48 billion rupees ($193.87 million) for bonds maturing in four years and 11 months, three bankers said on Friday.The company will pay an annual coupon of 7.25% on this issue and had invited coupon and commitment bids from bankers…

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A strong El Nino will develop rapidly over coming months, says UN weather agency 

By Olivia Le PoidevinThere is an agreement between forecast models that a strong El Nino will develop rapidly over the coming months, the United Nations weather agency said on Friday."El Nino conditions have emerged in the Equatorial Pacific, and there is a remarkable agreement between forecast mod…

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