European Stocks Fall as Shares of Oil Majors Retreat
European stock markets
London - QNA
European stock markets fell on Tuesday, with a pullback in the shares of major oil companies weighing on markets. The pan-European STOXX 600 index was down by 0.3%, with the index down by around 7% so far in 2016.
The STOXX Europe 600 Oil & Gas index fell 0.4% as oil prices retreated from one-year highs. However, the shares of European luxury goods stocks outperformed, after LVMH reported a forecast-beating acceleration in third-quarter sales.
LVMH shares rose 4.4%, with rival luxury good stocks such as Christian Dior, Richemont and Burberry also gaining ground.
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With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
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