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In Emerging Beauty Markets Like Brazil, New Products Key

In Brazil, women primarily wear their hair long, and need to tackle the country's generally hot, humid climate when they style it. They also demand a wide range of sun protection creams.

Beauty industry giants such as L'Oreal, Unilever and Procter & Gamble that are looking to crack key emerging markets like Brazil are quickly adapting their product lines to suit local tastes.

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Total: Global Oil Giant, Pride of France

Total, left without a leader after the death in a Moscow air accident of chief executive Christophe de Margerie, is a top global oil group and the biggest company in France in terms of sales and profits.

A major player on global oil and gas markets, the group moved quickly on Tuesday to announce that its board would meet on finding a successor, and that it would press ahead with its goals.

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EU Calls for Comment on Air France, KLM, Delta Fare Remedies

The European Commission called on Tuesday for public comment on measures by Air France, KLM and Delta Airlines to meet concerns about possible overcharging on key international routes.

"Extensive cooperation between Air France/KLM, Alitalia and Delta in the framework of the SkyTeam alliance ... may result in higher prices," said the Commission, which polices European Union fair competition rules.

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Fed Warns Big Banks to Reform or Face Breakup

The Federal Reserve delivered a stark warning to the largest U.S. banks Monday that they could be forcibly broken up if they do not reform their ways.

New York Federal Reserve chief William Dudley said that after paying well over $100 billion in fines in the past six years for bad behavior, banks should recognize the imperative to reform.

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Economists: WTO Doha deal would make world $11 tn richer by 2030

Sealing a global free trade deal would add $11 trillion to the world economy and pull 160 million people out of poverty by 2030, economists said in a study published Tuesday.

Member states of the World Trade Organization launched negotiations in 2001 in the Qatari capital Doha for a global deal on slashing trade tariffs and removing subsidies, but have failed to reach an agreement.

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Microsoft Chief Nadella Earned $84 Million in 2014

Microsoft chief Satya Nadella, whose gaffe advising women to trust "karma" for pay raises sparked a firestorm, earned $84.3 million this year, according to an SEC filing Monday.

That amount, for the 2013-2014 fiscal year, included a base salary of $919,000, along with a bonus of $3.6 million, as well as stock options worth $79.8 million -- though he can't exercise those options until 2019, the filing reported.

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Govt: China Economic Growth Falls to Five-Year Low of 7.3%

China's gross domestic product (GDP) expanded in the third quarter at its slowest pace since the depths of the global financial crisis, official data showed Tuesday, but analysts said the world's second-largest economy may have bottomed out.

The 7.3 percent year-on-year increase in July-September was lower than the 7.5 percent expansion in the previous three months, the National Bureau of Statistics (NBS) said, and the slowest since the 6.6 percent in the first quarter of 2009.

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Qatar Fund Buys a Fifth of Hong Kong Retailer

Qatar's sovereign wealth fund said Monday it had bought a 19.9 percent stake in Hong Kong-based retail operator Lifestyle International Holdings for $600 million (470 million euros).

The Qatar Investment Authority said the acquisition was part of its strategy in "diversifying" its investments and "expanding into new markets in Asia", according to a statement published on the official QNA news agency.

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France Steps up Calls for Germany to Boost Investment

French and German ministers met in Berlin on Monday, amid calls on Germany to do more to boost growth in Europe, while France faces a battle in Brussels over its budget.

The meeting comes at a crucial time for Paris, which is at loggerheads with Brussels over its 2015 budget as it is likely to overshoot targets once again.

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BIS Chief Economist Warns of Dangers of Easy Money

The current ultra-expansive monetary policy around the world could pose a threat to financial stability, the chief economist of the Bank of International Settlements (BIS) in Basel warned on Monday.

In an interview with the German daily Die Welt, the chief economist of the Basel-based BIS, Claudio Borio, warned of the dangers of easy money.

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