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stock market updates kering leadership changes and ongoing challenges for casino
Kering appoints Pierpaolo Piccioli as the new artistic director of Balenciaga, while Casino faces ongoing debt concerns. UBS is likely to lose its initial battle against stricter prudential requirements in Switzerland, and Vodafone's results fall short of expectations despite a projected recovery. In North America, Moody's downgrades the credit ratings of major banks following the US credit rating downgrade.
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