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Stocks mixed as Donald Trump talks Asia trade; bonds rise

Bloomberg Stocks fluctuated and bonds advanced, while the euro and dollar slipped as President Donald Trump tried to tackle trade on his Asia tour. US stocks opened slightly lower. The Stoxx Europe 600 Index swung between gains and losses, even as a European purchasing managers index indicated strong momentum at the start of the fourth quarter. Basic resources shares outperformed ...

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Nigeria’s naira problem sees no end

Bloomberg Nigerian officials are increasingly confident the naira’s troubles are over for good. Some investors disagree. Portfolio inflows have risen in the past three months with crude prices increasing above $60 a barrel and money managers taking heart from a new foreign-exchange trading window, in which the naira has converged with the black-market rate. That prompted central bank Governor Godwin ...

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Ralph Lauren’s retreat from discounting helps bolster profit

Bloomberg Ralph Lauren Corp., the 50-year-old fashion brand known for its preppy style, is making good on its effort to rely less on markdowns—even if it means selling fewer clothes. The company posted earnings of $1.99 a share last quarter, topping analysts’ average projection by a dime. Ralph Lauren credited its pursuit of higher-quality sales channels and fewer discounts. Still, ...

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