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Analysis-Coty’s consumer beauty line looks like a hard sell

By Alexander Marrow and Dominique Patton LONDON/PARIS (Reuters) -Ageing brands and declining sales could make Coty’s makeup business a hard sell, raising the prospect of piecemeal deals or lower than expected proceeds that might complicate the group’s plans to cut debt and invest in growth. ...
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Taylor Swift’s ‘Life of a Showgirl’ launches with global promotion

By Dawn Chmielewski LOS ANGELES, October 3 (Reuters) -Superstar Taylor Swift’s latest studio album, “The Life of a Showgirl,” arrives Friday with a promotional blitz that includes midnight sales at Target stores, a release party at movie theaters around the globe and pop-up experiences in ...
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Morning Bid: US politics can’t shut down the animal spirits

A look at the day ahead in European and global markets from Ankur Banerjee: The U.S. shutdown and political gridlock in Washington show no signs of ending any time soon. That hasn’t stopped stocks and gold striking fresh record highs, as investors mainly focus on ...
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Analysis-Foreign investors can exploit cheaper dollar hedges as Fed easing resumes

By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) -The long-awaited resumption of the Federal Reserve’s rate-cutting cycle is likely to cheapen hedging of dollar exposure for foreign investors and increase their motivation to guard more of their U.S. assets against further currency weakness. ...
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Asian shares are mixed as tech shares lead Wall Street ticks to more records

MANILA, Philippines (AP) — Asian shares were mixed on Friday after heavy buying of tech shares led benchmarks on Wall Street to more records. US. futures and oil prices were higher. Markets have largely shrugged off the shutdown of the U.S. government after Democrat and Republican ...
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India and China to resume direct flights after a 5-year suspension

BEIJING (AP) — India and China plan to resume direct flights between some of their cities after a five-year suspension as the relations between the two countries begin to thaw, Indian authorities announced Thursday. Direct flights between the two countries were suspended during the Covid ...
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GIP nears deal to buy Aligned Data Centers for about $40 billion, Bloomberg News reports

(Reuters) -BlackRock-owned Global Infrastructure Partners is in advanced talks to acquire Macquarie-backed Aligned Data Centers in a deal valuing the technology infrastructure company at $40 billion, Bloomberg News reported on Thursday. The companies have yet to finalize a deal, but an agreement could be announced ...
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Asian stocks clock weekly gains on rate cut wagers, AI fervour

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks were poised for solid weekly gains on Friday as rising odds of the Federal Reserve cutting rates in the near-term helped cushion jitters around a U.S. government shutdown that have pushed gold to record highs and weighed on ...
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BOJ’s Ueda warns of global uncertainty, impact on wage outlook

By Leika Kihara OSAKA (Reuters) -Bank of Japan Governor Kazuo Ueda said on Friday the central bank will scrutinise whether the impact from U.S. tariffs and prolonged overseas economic uncertainty could discourage companies from raising wages. Ueda reiterated the central bank’s resolve to continue raising still-low ...
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Yen trims weekly advance as investors weigh BOJ, election impacts

By Rocky Swift TOKYO (Reuters) -The yen edged lower on Friday, trimming its sharpest weekly gain in more than four months, as traders considered the impact of potential rate increases by the Bank of Japan and a leadership election this weekend. BOJ Governor Kazuo Ueda reiterated ...
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Oil on track for steepest weekly plunge in 3-1/2 months

(Reuters) -Oil prices rose slightly on Friday after four straight sessions of declines but were on track for their steepest weekly decline since late June due to market expectations that the OPEC+ group could hike output further despite oversupply concerns. Brent crude futures gained ...
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Parents of college student killed in Tesla crash allege design flaw trapped her in the burning car

The parents of a college student killed in a Tesla crash say she was trapped in the car as it burst into flames because of a design flaw that made it nearly impossible for her to open the door, according to a lawsuit filed ...
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