EMERGING MARKETS-Russia's rouble falls on threat of sanctions; EM shares rise

Sept 10 (Reuters) – Emerging market stocks were set to snap a six-day losing run on Thursday tracking gains on Wall Street, while Russia’s rouble fell on a threat of sanctions and rising pressure to investigate the suspected poisoning of Kremlin critic Alexei Navalny. As the European Union seeks to impose sanctions on Russia, Italy said Russian President Vladimir Putin […]

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Amazon chief tops Forbes' US richest list for third year

NEW YORK • Amazon chief executive Jeff Bezos topped Forbes’ list of richest Americans for the third year in a row, while United States President Donald Trump’s ranking dropped as the coronavirus pandemic slammed his office buildings, hotels and resorts, the magazine said on Tuesday. The aggregate wealth of the Forbes 400 list rose to a record US$3.2 trillion (S$4.4 […]

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CANADA FX DEBT-C$ rebounds from 3-week low as BoC forgoes additional easing steps

(Adds strategist quotes and details throughout; updates prices) * Canadian dollar rises 0.6% against the greenback * BoC holds its key interest rate steady at 0.25% * U.S. oil settles 3.5% higher * Canada’s 10-year yield rises 2.7 basis points to 0.593% By Fergal Smith TORONTO, Sept 9 (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Wednesday […]

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UPDATE 1-Soccer-Italy's Serie A clears way for private equity investment

(Adds background, detail) By Elisa Anzolin and Elvira Pollina MILAN, Sept 9 (Reuters) – Italy’s Serie A soccer clubs agreed on Wednesday to set up a new media company to handle the league’s broadcast rights and are deciding between two rival private equity bids seeking a stake in the business, club officials said. Looking for ways to lift flagging revenues […]

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UPDATE 1-German bond yields edge up from 2-week lows as stocks stabilise

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds details, comments) By Yoruk Bahceli AMSTERDAM, Sept 9 (Reuters) – German government bond yields edged up on Wednesday from two-week lows touched in earlier trade as global stock markets stabilised after the previous day’s rout. A sell-off in high-flying U.S. technology shares, fuelled partly by concerns around excess purchases of call […]

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Lipsticks out, lotions in: Beauty industry set for facelift and comeback, says DBS

SINGAPORE (THE BUSINESS TIMES) – Prepare for a surge in online beauty shoppers and skincare-mask fanatics. While the ubiquity of surgical masks and the work-from-home (WFH) trend is unlikely to spell the end for makeup, more consumers will be ditching their lipsticks and blushes while stocking up on serums and cleaners. That’s according to DBS Chief Investment Office (CIO), which […]

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EMERGING MARKETS-Latam FX drops as Wall St rout spurs dollar demand

* Mexican shares lead losses * Mexican peso, Colombian peso hurt by oil slide * MSCI Latam shares index drops over 2% (Adds details, updates prices) By Susan Mathew and Ambar Warrick Sept 8 (Reuters) – Emerging market currencies fell on Tuesday as a sharp fall on Wall Street sent panicked investors into the U.S. dollar, with simmering Sino-U.S. tensions […]

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CANADA FX DEBT-Canadian dollar slides to 2-week low as oil prices tumble

* Canadian dollar falls 0.5% against the greenback * Loonie touches its weakest since Aug. 26 at 1.3177 * Price of U.S. oil decreases 6.5% * Canadian bond yields ease across much of a flatter curve TORONTO, Sept 8 (Reuters) – The Canadian dollar fell to a near two-week low against its broadly stronger U.S. counterpart on Tuesday, as oil […]

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EMERGING MARKETS-Philippine stocks jump as daily COVID-19 tally dips

* Investors await the open of U.S. markets after a long weekend * Rupiah dips most among currencies * Philippines up 1.7% as daily COVID-19 cases drop to 8-week low * Graphic: World FX rates tmsnrt.rs/2egbfVh By Nikhil Nainan Sept 8 (Reuters) – Philippine stocks climbed nearly 2% on Tuesday as the number of new COVID-19 cases fell to their […]

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