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Wall Street recovery continues on China stimulus measures

Gains in technology heavyweights helped Wall Street’s main indexes climb for the second day yesterday, with fresh intervention by China’s central bank calming investor’s nerves. China injected 1.7 trillion yuan ($242.74 billion) via reverse repos on Monday and Tuesday, helping Chinese stocks reverse some losses and lifting the world equity index.MIWD00000PUS. The stimulus boosted investor
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Warren Buffett gains $11.8bn as Dangote loses $4.9bn in 2016

As the year 2016 is winding up Bloomberg has reported that the world’s wealthiest people are ending 2016 with $237 billion more than they had at the start but Nigeria’s Aliko Dangote, the richest person in Africa, lost $4.9 billion of his wealth due to falling oil prices and naira devaluation hence he is now No. 112 with $10.4 billion. Dangote was the world’s 46th-richest person in June.

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