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European shares fell on Friday and were headed for a second weekly loss, as ‌escalating conflict ⁠in the ⁠Middle East and inflation worries dented risk appetite.
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Australian shares ended slightly lower on Friday as ​losses in miners outweighed gains in financials, while the Middle East conflict stoked inflation concerns and lifted expectations of a central bank rate hike next week.
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Japan’s ​Nikkei closed lower on Friday ​and posted a second consecutive weekly decline of 3.2%, ​as escalating tensions in the Middle East fuelled inflation concerns and prompted investors to dump riskier assets.
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Muthoot FinCorp is raising up to Rs 600 crore by selling bonds to retail investors. The bonds offer yields between 8.70% and 9.10%. This fundraising will support business growth, lending activities, and debt repayment. The issue is open until March 23. The bonds carry high safety ratings from Crisil and Brickwork Ratings.
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Shares of eClerx Services appeared to plunge 50% after turning ex-date for its 1:1 bonus issue, but the decline was only about 6% as the price adjusted for the corporate action. The stock opened sharply lower on the NSE before extending losses amid broader market weakness.
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