RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Yen Slides as BOJ Caution Undercuts Rate Hike Impact 
Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
Oil Prices Edge Higher as Strong U.S. Growth and Supply Risks Support Market 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise 
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
Shiseido Co. agreed will sell its shampoo and affordable skin-care business to CVC Capital Partners for $1.5 billion, as it shifts more focus to making and selling high-end skin products.
Under the deal, Shiseido will transfer its personal-care business to a holding company where CVC is an investor. Shiseido will then acquire a 35 percent stake in the holding company that will operate the business. CVC will oversee the new company, which may go public in the future.
The transfer price of the business and assets are valued at 160 billion yen with a transfer date set for July 2021.
The Japanese beauty giant has been revamping its portfolio with the pandemic changing cosmetic and personal care routines.
Among the businesses to be divested are its drugstore brands, including Tsubaki hair-care products and Senka face wash.
Shiseido has been contemplating about the future of its personal care business as it had not been able to give it the marketing and research and development resources it needed to grow.
The lifestyle and personal care business represented about 10 percent of Shiseido’s revenue in 2019, with annual sales of about 100 billion yen.
According to Shiseido CEO Masahiko Uotani, CVC and other groups have approached them about acquiring the segment. But he thought at that time that it was too premature to even when they began feeling the impact of the coronavirus pandemic.
Uotani noted that the personal care business model is very different from its focus as a beauty company.
