Stocks recover from three-week low
The benchmark equity index ended the holiday-shortened week flat, halting the three straight weeks of decline as bargain hunters came out of the sidelines to snap up beaten-down stocks while most investors stayed cautious ahead of the upcoming earnings season. Absence of a decisive catalyst for the market's revival has...
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Giorgio Armani has approached potential buyers over stake sale
LONDON, Oct 3 (Reuters): Giorgio Armani representatives have approached potential buyers over a minority stake in the renowned Italian fashion group, three sources told Reuters, starting a de facto auction, opens new tab for a slice of one of the world's best-known fashion empires weeks after the designer's death.L'Oreal is...
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Global equity fund inflows hit 11-month high
Global equity funds witnessed robust demand in the week through October 1 as an inline US inflation report and weaker-than-expected private payrolls data renewed hopes of Federal Reserve rate cuts, reports Reuters.Investors bought a net $49.19 billion worth of global equity funds during the week, the most since November 13...
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Asia-Pacific markets trade mixed -
Shares in the Asia-Pacific markets traded mixed on Friday, reports CNBC.Japan's Nikkei 225 climbed 1.85 per cent to close at 45,769.50, while the Topix ended 1.35 per cent at 3,129.17.Shares of Japanese conglomerate Hitachi closed over 10 per cent higher Friday after it announced late Thursday a partnership with OpenAI...
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Stockholm leads Europe in IPO activity with $6.8b raised
Stockholm has unexpectedly become Europe's busiest hub for initial public offerings (IPOs) in 2025, raising $6.8 billion so far this year.The Swedish capital has surpassed traditional centres like London, with small and mid-sized companies finding fertile ground to list in a market that is only a third the size of...
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