L'Oreal signs agreement to acquire haircare brand Color Wow
PARIS (Reuters) -French cosmetics giant L'Oreal said on Monday it had signed an agreement to acquire Color Wow, a haircare brand based in the U.S. and Britain.
It did not disclose the value of the deal.
Error al recuperar los datos
Inicia sesión para acceder a tu cartera de valores
Error al recuperar los datos
Error al recuperar los datos
Error al recuperar los datos
Error al recuperar los datos
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
an hour ago
- CNBC
China's June factory activity unexpectedly expands, private survey shows
China's factory activity unexpectedly returned to growth among export-oriented manufacturers in June, a private survey showed Tuesday, as the country shrugged off headwinds from trade disruptions. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) came in at 50.4, beating Reuters' median estimate of 49.0 and rebounding from 48.3 in May, which had been its worst contraction since September 2022. The private survey appeared to diverge from the country's official PMI report, released on Monday, which showed that manufacturing activity contracted for a third consecutive month in June, despite a modest improvement from the previous two months. The official PMI surveys a larger sample of over 3,000 companies and aligns more closely with industrial output, while the Caixin survey covers a smaller pool of over 500 mostly export-oriented firms, according to Goldman Sachs. The official survey is conducted at month-end, while the Caixin survey is compiled mid-month. Chinese exporters have sought to front-load shipments to avoid U.S. tariffs, which are poised to rise when the 90-day trade truce expires in mid-August. It remains unclear whether both sides will reach an agreement to extend that reprieve further. So far, the country's outbound shipments have held up relatively strong over the past two months, as exporters pivoted to alternative markets, notably Southeast Asian countries and European Union nations. Its exports to the U.S. plunged 34.5% in May from a year ago and by over 21% in April. Morgan Stanley economists, however, pointed to softening export momentum to the U.S. and other destinations in recent weeks as the front-loading activity starts to taper. Beijing and Washington may be moving closer to a resolution of the fentanyl dispute, which will likely see the U.S. drop its 20% fentanyl-related tariff on Chinese goods, according to Neo Wang, lead China economist and strategist at Evercore ISI. "All we've seen so far pointed to further de-escalation," he said in a note.
Yahoo
6 hours ago
- Yahoo
Trading Day: Ending first half on a record high note
By Lewis Krauskopf NEW YORK () -TRADING DAY Making sense of the forces driving global markets By Lewis Krauskopf, Markets Reporter Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what moved markets. Today we're closing the books on a turbulent first half of 2025. Trade, which has been the propelling story for markets this year, was once again a key driver on Monday. I'd love to hear from you, so please reach out to me with comments at . Today's Key Market Moves * Stocks built on momentum after hitting records on Friday,with the major indexes posting gains to end the second quarter * The dollar's struggles continued, weakening against theeuro * U.S. Treasury yields moved lower with investors focused oneconomic data and rising expectations of a quicker pace of ratecuts * The lower dollar helped gold prices on Monday, with theprecious metal closing out a huge first half of 2025 * Oil prices edged down but rose for the secondconsecutive month Today's Key Reads 1. Senate Republicans try to get Trump's tax cuts over theline, amid party divisions 2. Larger deals power global M&A in H1, bankers signalappetite for megadeals 3. U.S. prices for China-made goods on Amazon rise fasterthan inflation 4. Investors flock to Europe as bloc's stability contrastswith concerns over U.S. 5. U.S. banks rise as Fed stress test success clears pathfor payouts Ending first half on a record high note A tumultuous first half of the year for Wall Street closed on Monday with stocks on a roll, as the S&P 500 and Nasdaq again minted records. The two indexes built on gains after ending on Friday at record highs for the first time in months. The Dow was also in striking distance of a record peak, closing about 2% from the blue-chip index's milestone. As it has for months, trade news continued to be a dominant theme for markets. The United States said it would resume trade negotiations with Canada after Ottawa halted plans to begin collecting a new digital services tax targeting U.S. technology firms just hours before it was due to start. The digital levy had caught the ire of President Trump last week, prompting the U.S. to cancel trade talks with Canada. Focus was also on a looming July 9 deadline, the end of a pause on many of Trump's harsher trade tariffs. Treasury Secretary Scott Bessent warned countries may not get extensions of that deadline, even if - as he suggested previously - they are negotiating in good faith. The dollar continued to struggle on Monday, another theme for the year so far. The greenback marked its sixth straight month of losses against a basket of major currencies and the euro hit its highest level against the dollar in nearly four years. Another first-half topic likely not going away anytime soon? Trump pressuring Federal Reserve chair Jerome Powell to lower interest rates. White House reporters were told on Monday that Trump sent a handwritten note to Powell urging him to ease rates, the latest complaint the president has levied against the central bank chief. To some extent, the pressure may be seeping into markets. Fed funds futures have indicated investors expect nearly three cuts this year, more than they did a few weeks ago. Treasury yields continued their recent descent, with the benchmark 10-year yield around 4.23%. Elsewhere in Washington, Senate Republicans were trying to get Trump's sweeping tax-cut and spending bill over the line. Trump wants his fellow Republicans to get it passed before the July 4 Independence Day holiday, but there are divisions within the party about its expected $3.3 trillion hit to the nation's debt pile. Investors also were turning attention to economic data in the holiday-shortened week, with the monthly U.S. jobs report due on Thursday. What could move markets tomorrow? * U.S. ISM manufacturing PMI (June) * Euro zone CPI (June) * Fed chair Powell, ECB President Lagarde, other centralbank governors on panel discussion at ECB forum * Constellation Brands earnings Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. (By Lewis Krauskopf, Editing by Nia Williams) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Boston Globe
6 hours ago
- Boston Globe
US skips global UN meeting aimed at raising trillions of dollars to combat poverty
Advertisement 'Financing is the engine of development. And right now, this engine is sputtering,' United Nations Secretary General António Guterres said in his opening comments at the four-day Financing for Development meeting being cohosted by the UN and Spain. The hosts said the meeting was an opportunity to close the staggering $4 trillion annual financing gap to promote development, bring millions of people out of poverty, and help achieve the UN's badly Along with heads of state and government, representatives of international financial institutions, development banks, philanthropic organizations, the private sector, and civil society also attended. The summit is an opportunity 'for us to raise our voice in the face of those who seek to convince us that rivalry and competition will set the tone for humanity and for its future,' Spain's Prime Minister Pedro Sánchez told delegates. Advertisement At the last preparatory meeting on June 17, the United States rejected the outcome document that had been negotiated for months by the UN's 193 member nations and announced its withdrawal from the process and the Seville conference. UN Deputy Secretary-General Amina Mohammed last week called the US withdrawal from the conference 'unfortunate,' adding that after Seville, 'we will engage again with the US and hope that we can make the case that they be part of the success of pulling millions of people out of poverty.' The European Union and France also said they were not going be dissuaded by the American-led trend toward unilateralism. 'Collective mobilization can still work,' French President Emmanuel Macron said on Monday. European Commission President Ursula von der Leyen reaffirmed the bloc's commitment to development financing, saying, 'Our commitment is here to stay.' The Seville Commitment calls for a minimum tax revenue of 15 percent of a country's gross domestic product to increase government resources, a tripling of lending by multilateral development banks, and scaling up of private financing by providing incentives for investing in critical areas like infrastructure. It also calls for reforms to help countries deal with rising debt. UN trade chief Rebeca Grynspan recently said 'development is going backward' and the Last year, 3.3 billion people were living in countries that pay more interest on their debts than they spend on health or education, and the number will increase to 3.4 billion people this year, according to Grynspan. And developing countries will pay $947 billion to service debts this year, up from $847 billion last year. Advertisement Angolan President Joao Lourenco, speaking for the African Group, said debt payments 'consumes more resources than those allocated to health and education combined' for many countries. Jonathan Shrier, acting US Representative to the Economic and Social Council, told the June 17 meeting that 'our commitment to international cooperation and long-term economic development remains steadfast.' He said the text 'crosses many of our red lines.' He said those include interfering with the governance of international financial institutions, tripling the annual lending capacity of multilateral development banks, and proposals envisioning a role for the UN in the global debt architecture. Shrier also objected to proposals on trade, tax, and innovation that are not in line with US policy, as well as language on a UN framework convention on international tax cooperation. The United States was the world's largest single founder of foreign aid before the Trump administration dismantled its main aid agency, the US Agency for International Development. It drastically Other Western donors also have cut back international aid.
