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AkzoNobel India board approves sale of non-productive properties

AkzoNobel India's board has approved the sale of non-productive properties to enhance monetization efforts. The company will disclose details to stock exchanges upon finalizing sales agreements. Additionally, Anil Chaudhry has been appointed as an independent director, while Smriti Rekha Vijay resigned due to health issues.

AkzoNobel explores partnerships or stake sale for Dulux in India

AkzoNobel is exploring options for its decorative paints business in India, considering partnerships or a stake sale, particularly with Grasim Industries and Asian Paints. The company aims to adapt to increasing competition in the market, which it views as ready for consolidation, and is open to various strategic collaborations. CEO Gregoire Poux Guillaume emphasized the importance of engaging with local players to enhance their market position.

european stocks mixed as traders await earnings amid us market declines

European stocks are set for a mixed open as traders await earnings reports from major companies like Barclays and Unilever, amid a backdrop of declining U.S. markets. The U.K.’s FTSE 100 is expected to rise slightly, while Germany’s DAX and France’s CAC are projected to open lower. Global sentiment has been affected by the recent downturn in U.S. indices, with the Dow experiencing its largest one-day loss since early September.

election impacts stock market as investors eye earnings and gold rally

As the U.S. election approaches, Bank of America emphasizes the importance of stock picking over index investing, noting that political outcomes could impact specific market sectors. Meanwhile, Scotiabank identifies three biotech firms poised for significant growth, while European markets are set for a mixed opening amid key earnings reports, including Deutsche Bank's return to profit. Crude oil prices have risen due to geopolitical tensions and China's rate cuts, while gold continues its rally, reaching record highs amid economic uncertainties.
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