Coty cancels IPO plans for Brazil unit
CoverGirl cosmetics maker Coty Inc said on Tuesday it would withdraw from the planned initial public offering of its Brazilian unit, blaming adverse financial market conditions in the South American country.
CoverGirl cosmetics maker Coty Inc said on Tuesday it would withdraw from the planned initial public offering of its Brazilian unit, blaming adverse financial market conditions in the South American country.
European buyout firm EQT is working with advisers to prepare the sale of French water management firm Saur in a deal that could value France's third-biggest water firm at about 3 billion euros ($3.43 billion), people familiar with the matter told Reuters.
Volvo Cars will invest 10 billion Swedish crowns ($1.1 billion) in its manufacturing plant in Gothenburg in the next few years, it said on Tuesday.
EUR/USD The euro continues to move in an uptrend. The daily price action figure confirms the upside potential.
The world's largest cosmetic group L’Oreal is expected to report brisk fourth-quarter sales on Wednesday after pandemic-weary consumers emerged from lockdowns to splash out on beauty products.
STOCKHOLM (Reuters) -Volvo Cars will invest 10 billion crowns ($1.1 billion) in its manufacturing plant in Gothenburg in the next few years to prepare for production of fully electric cars, it said on Tuesday.
As Japan's long-term interest rates rise, investors are wondering at what point the central bank will step in to defend its 0% target for the 10-year yield as part of an ultra-easy monetary policy.