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Deutsche helps lift European stocks before Yellen, Draghi

LONDON A rise in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany's financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar.

India sugar output to drop below consumption levels - industry body

NEW DELHI/MUMBAI India's sugar production in the 2016/17 marketing year is likely to drop below consumption levels for the first time in seven years, although ample carry-forward stocks will help the country meet local demand, an industry body said on Wednesday.

In the lion's den, Draghi to defend ECB at Bundestag

BERLIN/FRANKFURT European Central Bank President Mario Draghi faces a grilling on Wednesday from German lawmakers who say the ECB's super-loose monetary policy has damaged the 19-country currency bloc and fuelled the rise of the populist right.

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