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FTSE extends gains, eyes on stimulus action

LONDON - Britain’s top share index hit new two-month highs on Tuesday, modestly extending two sessions of gains, as investors bet on fresh economic stimulus after surprise action from a recent EU summit to tackle the festering euro zone debt crisis.

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markets

Qatar plans Harrods hotels in Malaysia, Paris

DOHA/KUALA LUMPUR - Qatar’s sovereign wealth fund plans to take the Harrods brand global to cities such as Paris and New York, and will start by building a luxury hotel named after the upmarket London department store in Malaysia’s capital Kuala Lumpur.

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markets

Gold climbs above $1,600

LONDON - Gold prices gathered steam on Tuesday to climb above $1,600 per ounce, with broad sentiment lifted as increasingly poor economic data raised expectations that leading central banks will ease policy further to stimulate growth.

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markets

DFM, ADX post gains on Europe plan

Dubai’s shares advanced the most in three weeks, helping gains in gulf stock markets, after oil surged on optimism that Europe’s debt crisis may be contained, boosting the appeal for riskier assets.

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