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LOccitane Shares Shed 30 after Owner Shelves TakePrivate Deal

HONG KONGBEIJING Sept 5 Reuters Hong Konglisted skincare specialist L39;Occitane International SA shares fell almost 30 on Tuesday after its chairman and controlling shareholder said he decided against a deal to take the company private, curbing speculation of a European listing. L39;Occitane39;s stock slid to HK19.70 in early trading after Chairman Reinold Geiger39;s investment holding company, […]
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Sterling Drops to 12Week Low as Business Activity Contracts

LONDON, Sept 5 Reuters A deteriorating global growth picture sent the pound to a 12week low against the dollar on Tuesday after a survey showed business activity in Britain contracted last month. The UK SP GlobalCIPS composite Purchasing Managers39; Index PMI dropped to 48.6 in August from 50.8 in July, the lowest since January, although it […]
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Gold hits 1wk Low, Dollar Strengthens after Weak China Data

Dollar scales more than threemonth peak China39;s August services activity slows amid sluggish demand Investors await comment by Fed officials for rate cues Sept 5 Reuters Gold slipped to a oneweek low on Tuesday as investors sought the U.S. dollar after weak data in China, although rising expectations for a pause in interest rate increases […]
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South African Rand and Stocks Slip as Power Cuts Bite

JOHANNESBURG, Sept 5 Reuters The South African rand weakened on Tuesday against a stronger dollar as the country suffered the worst power cuts on record. At 1516 GMT, the rand traded at 19.2350 against the dollar , about 0.5 weaker than its previous close. The dollar last traded more than 0.6 stronger against a basket […]
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Rupee Slips, but RBI Counted on to Manage Losses

MUMBAI, Sept 5 Reuters The Indian rupee was down on Tuesday, pressured by a fall in Asian peers and dollar buying by foreign banks. The rupee was last at 82.84 to the U.S. dollar, after closing at 82.7475 on Monday. The currency opened at 82.78 on Tuesday and touched an intraday low of 85.82. The […]
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Europe Stocks Slide to 1wk Lows on Weak China, Euro Zone Data

Weak China data dents global mood EZ August downturn deeper than thought PMIs Host of brokerage downgrades weigh on stocks Sept 5 Reuters European shares fell to oneweek lows on Tuesday, with economically sensitive sectors leading the selloff as weak services sector data from China and the euro zone fuelled concerns about slowing global growth. […]
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