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European Shares Edge Lower on Mixed Earnings, China Measures

November 8, 2024
Finance
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UK39;s Vistry slides after profit warning Richemont down after quarterly sales dip STOXX 600 set for mild weekly losses Nov 8 Reuters European shares inched down on Friday on the back of mixed earnings results, with heavyweight luxury firms among the top decliners, while investors assessed China39;s latest steps to aid its ailing economy. The […]

November 8, 2024
Finance
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US issuers are helping green bond sales approach previous records even under evolving policy priorities. At the start of November, sales reached $550 billion. The prior annual record is $588 billion, set in 2021.

November 8, 2024
Business
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Nov 7 Reuters Private equity firm KKR has become the largest shareholder in Japanese software developer Fuji Soft after completing the first stage of a twopart tender offer, KKR said in a statement on Thursday. The U.S. firm acquired 21.4 million shares, and secured control over 90 of outstanding share options of Fuji Soft, it said. On […]

November 8, 2024
Business
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ZURICH, Nov 8 Reuters Cartier jewellery owner Richemont reported a dip in quarterly sales on Friday, as the luxury goods group largely offset tougher conditions in China with growth elsewhere. The owner of Swiss watchmakers including IWC, JaegerLeCoultre and Piaget said sales fell by 1 at constant exchange rates to 4.81 billion euros 5.19 billion, slightly […]

November 8, 2024
Business
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Nov 8 Reuters State Bank of India, the country39;s largest lender, reported a rise in secondquarter profit on Friday, helped by healthy core lending income. The staterun lender39;s net profit rose 28 to 183.31 billion rupees 2.17 billion compared with 143.3 billion rupees a year ago. That exceeded analysts39; expectation of 161.89 billion rupees, as […]

November 8, 2024
Business
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LISBON, Nov 8 Reuters Portugal39;s government plans to resume the sale of flag carrier TAP in 2025, the country39;s infrastructure minister said, after receiving interest from more than a dozen potential buyers. A previous Socialist administration approved the privatisation of at least 51 of TAP in September 2023, but the sale did not go ahead […]

November 8, 2024
Uncategorized
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TOKYO, Nov 8 Reuters Japanese household spending fell in September for the second straight month, government data showed on Friday, as higher prices choked consumers39; appetite in a discouraging sign for the central bank39;s plans to hike rates further. Consumer spending fell 1.1 from the year earlier, against the median market forecast for a 2.1 […]

November 8, 2024
Uncategorized
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LONDON, Nov 8 Reuters Britain39;s labour market showed further signs of cooling last month, according to a survey that showed the weakest wage growth since early 2021, and tax increases in last week39;s budget might further hit hiring. The Recruitment and Employment ConfederationKPMG said its gauge of starting pay for permanent roles slowed to 52.5 […]

November 8, 2024
Finance
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Nov 8 Reuters Japanese investors aggressively divested their foreign asset holdings in the week to Nov. 2 on caution ahead of the U.S. presidential election, while the recent downtrend in the yen also prompted them to lock in profits. According to Ministry of Finance data, Japanese investors withdrew a robust 4.46 trillion yen 29.22 billion […]

November 8, 2024
Finance
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INGAPORE, Nov 8 Reuters The U.S. dollar was back on the front foot on Friday and looking to end a volatile week with a slight gain, as markets weighed the impact of Donald Trump39;s return to the White House and what that means for the U.S. economy and its interest rate outlook. Before the Asian day is […]

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European Shares Edge Lower on Mixed Earnings, China Measures

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