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Hugo Boss raises its sales, profit outlook

Hugo Boss AG raised its sales and profit outlook for the year after a strategy shift kindled demand, but analysts called the upgrade disappointing after a bumper quarter. The stock falls as much as 2.3% in Frankfurt trading as the new forecast matched what many were already estimating. Chief Executive Officer Daniel Grieder is leading efforts to target younger shoppers. ...

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HSBC, StanChart raise HK prime rates as borrowing costs surge

HSBC Holdings Plc and Standard Chartered Plc raised their main lending rates in Hong Kong again on Thursday, a move that will push borrowing costs higher for property owners as the economy continues to face massive strain. HSBC, the city’s biggest lender, said it is raising its prime rate by 25 basis points to 5.375% after the Hong Kong Monetary ...

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Norges Bank slows pace of interest rate increases

Norway’s central bank slowed the pace of interest-rate increases amid signs the economy is cooling, delivering a move forecast by just half the economists surveyed. Norges Bank lifted its key deposit rate on Thursday by 25 basis points to 2.5%, the smallest increase in its benchmark rate since June. The hike brings the rate to its highest level since 2009, ...

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