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L'Occitane halts trading in Hong Kong
L'Occitane halts trading in Hong Kong
by  AFP

Trading in French beauty brand L'Occitane was in Hong Kong on Monday after reports emerged that its controlling shareholder may take the company private. Bloomberg News reported in July that chairman Reinold Geiger was studying options for taking the brand private, using a holding company that owned more than 70 percent of its shares.

Asian markets rise as US jobs data ease rate pressure on Fed
Asian markets rise as US jobs data ease rate pressure on Fed
by  AFP

Asian stocks rose Monday on hopes the Federal Reserve has come to the end of its interest rate hiking cycle following a positive US jobs report. "The upshot of Friday’s report is that the market-implied chances of a Fed rate hike of 20 September have reduced to about seven percent from 12 percent beforehand."

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