Business

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Michael Kors bags Versace in $2 billion deal

U.S. fashion group Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2 billion including debt, the companies...
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Uber's strongest growth comes in depressed Argentina

Uber's fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation's sudden economic unravelling, which has boosted...
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Trudeau says Canada could build on U.S.-Mexico NAFTA deal

Canadian Prime Minister Justin Trudeau said he saw a possibility that Canada could build on a bilateral trade deal that the United States and...
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China says U.S. putting 'knife to its neck', hard to proceed...

A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting "a...
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In Nigeria, Shell finds there's no easy way out

Royal Dutch Shell wants to shift its operations in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills,...
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Gloom in newsrooms as Hungary's independent media recedes

The new owners of the largest independent news outlet in Hungary have promised not meddle in its editorial policies but reporters at Index.hu are...
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Wall Street falls on trade tariff standoff

The S&P and the Dow closed lower on Monday after a round of U.S.-China trade tariffs kicked in, and investors waited for an interest...
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SiriusXM to buy Pandora in $3.5 bln streaming push

Satellite radio firm Sirius XM will buy music streaming service Pandora in a $3.5 billion all-stock deal to better compete with Spotify and Apple...
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Barrick Gold to buy Randgold Resources in $18.3 bln deal

Canada’s Barrick Gold has agreed to buy Randgold Resources in a $18.3 billion share deal to create the world’s largest gold company by value...
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Michael Kors to take control of Versace

The affordable luxury brand known for its handbags, Michael Kors, has agreed to take control of Versace, sources say. As Fred Katayama reports, the...
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Hot summer hits demand at UK holiday firm

British holiday company Thomas Cook cut its 2018 profit forecast, blaming a heatwave in northern Europe for more discounting and tougher competition in the...
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Oil could rise to $100 by 2019 as global markets tighten

Oil prices jumped more than 2 percent to a four-year high on Monday after OPEC declined to announce an immediate increase in production despite...
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Sky shares jump after Comcast outbids Fox with $40bln offer

Shares in Sky jumped 9 percent to within touching distance of the 17.28 pounds a share Comcast bid to beat Twenty-First Century Fox in...
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World shares wobble on fears of long U.S.-China trade war

Asian shares stumbled in holiday-thinned trading on Monday as China's decision to cancel talks with the United States reinforced fears of a protracted trade...
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RBI, SEBI closely monitoring financial markets

New Delhi, Sep 24 (ANI): The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are closely monitoring recent...
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Trudeau: Informal NAFTA talks likely on UNGA sidelines

Canadian Prime Minister Justin Trudeau says U.S. and Canadian negotiators trying to work out a deal on NAFTA are "very likely" to hold informal...
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Federal Reserve: markets see hike – many more to come?

Traders are betting the Federal Reserve will hike its key rates this week. But as David Pollard reports, a sell off in the...
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Comcast outbids Fox in battle for Sky

Comcast beats Rupert Murdoch’s Twenty-First Century Fox in the battle for British broadcaster Sky, after offering $40 billion in a dramatic auction. Grace Lee...

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