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L'Occitane stocks surge in Hong Kong after privatisation offer
L'Occitane stocks surge in Hong Kong after privatisation offer
by  AFP

Shares in French skincare giant L'Occitane jumped almost 13 percent in Hong Kong on Tuesday as they resumed trading after its owner offered to take it private. The offer, submitted with the support of US private equity giant Blackstone, concerns nearly 28 percent of the shares.

Asian markets build on Wall St rally, yen holds bounce
Asian markets build on Wall St rally, yen holds bounce
by  AFP

Asian markets extended a rally Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.

New post-Brexit controls: a thorn for UK horticulture
New post-Brexit controls: a thorn for UK horticulture
by  AFP

Yuccas from Spain, rhododendrons from Germany or Dutch hazelnut trees -- flowers and plants arriving at UK ports from the European Union face tougher post-Brexit border checks from Tuesday, meaning delays and extra costs for importers.

G7 reportedly agrees end date for coal-fired power plants
G7 reportedly agrees end date for coal-fired power plants
by  AFP

G7 energy ministers have agreed a time frame for phasing out coal-fired power plants, a British minister said Monday, as the UN warned "excuses" for failing to take bold actions on climate change were "not acceptable".

Blackstone strikes chord with $1.6 bn bid for UK music firm
Blackstone strikes chord with $1.6 bn bid for UK music firm
by  AFP

Struggling UK music rights owner Hipgnosis Songs Fund agreed Monday to an improved $1.6-billion takeover from US private equity firm Blackstone, which trumped a rival bid from Concord. "Blackstone appears to have emerged supreme in the bidding war for the Hipgnosis Songs Fund," commented Susannah Streeter, head of money and markets at Hargreaves Lansdown.