Lululemon Outlook Lift Thrills Wall St as Yogawear Stays in Vogue

June 1 Reuters Lululemon Athletica Inc raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending the company39;s shares up 13 after hours. A strong rebound in China, easing air freight costs and tighter inventory control also helped firstquarter results surpass […]
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Ireland, NatWest Sell 10 of Lender Permanent TSB

LONDONDUBLIN, June 2 Reuters Ireland39;s Finance Ministry and Britain39;s NatWest Group said on Friday they had jointly sold 54.6 million shares in Permanent TSB representing 10 of the Irish bank39;s share capital. The shareholders will receive close to 110.5 million euros 121.64 million from the accelerated share placement, or 55.2 million euros each. They had originally set […]
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California, New York Pensions Vote Against Toyota Chairman

Proxy advisory firms have raised issues about governance Slow rollout of electric vehicles has attracted criticism Company says chairman is key to driving transformation TOKYO, June 2 Reuters Two of the largest U.S. public pension systems have voted against the reelection of Toyota Motor Corp chairman Akio Toyoda, shareholder voting records showed, sharpening the focus on […]
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Lufthansas ITA Deal Heralds more European Airline TieUps

Analysts see Europe heading to USstyle consolidation Italy saw Lufthansa deal as only way forward But MA could be a distraction amid stiff competition LONDONROME, June 2 Reuters Lufthansa39;s purchase of a minority stake in Italy39;s lossmaking ITA Airways injects fresh momentum into a wave of consolidation in Europe39;s fragmented aviation market that could see more midtier […]
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Oil Prices Rise as Congress Approves US Debt Ceiling Bill

BEIJING, June 2 Reuters Oil prices rose on Friday amid bullish sentiment following the passage of a U.S. debt ceiling bill in Washington, while markets weighed the likelihood of pricesupportive OPEC production cuts over the weekend. Brent crude futures rose 71 cents, or 0.96 to 74.99 a barrel by 0600 GMT, while U.S. West Texas […]
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Banks Break Taboo for HighRisk Bonds

Banks typically repaid AT1 bonds after five years Credit Suisse wiped out billions, shocked investors Some small banks no longer repaying June 2 Reuters Investors who earned easy money with highrisk bonds invented after the financial crisis are being forced to accept that the rules have changed they may not get paid. Banks typically sold […]
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