Cartier owner Richemont posts 10% jump in Q3 sales
ZURICH (Reuters) -Richemont , the owner of Cartier jewellery, beat market expectations for third-quarter sales, it said on Thursday, in a positive sign for the high-end of the luxury sector…
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Asian hedge funds’ 2024 performance best in 15 years
By Summer Zhen HONG KONG (Reuters) – Asian hedge funds delivered their strongest returns in 15 years last year, capitalising on market volatility, winners in China’s wobbly economy and opportunities…
Geberit CEO expects stable, slightly positive US construction market ahead of Trump term
(Reuters) – Swiss plumbing products maker Geberit (SIX:GEBN) expects the construction market in the United States to be stable this year, Chief Executive Christian Buhl said on Thursday. “We expect…
Bull market remains intact, UBS says
Investing.com — The rapid rise in interest rates over recent weeks has fueled volatility in US equities, but UBS strategists believe that the bull market “remains intact” thanks to solid…
Europe’s STOXX 600 at five-week high as luxury firms, chipmakers jump
By Shashwat Chauhan (Reuters) – European shares advanced on Thursday, as heavyweight luxury stocks got a boost following Richemont (SIX:CFR)’s upbeat earnings update and semiconductor firms gained after Taiwan Semiconductor…
Earnings results, inflation data should rejuvenate bank stocks: BofA
Investing.com — All five major banks—JPMorgan Chase & Co (NYSE:JPM), Wells Fargo (NYSE:WFC), Goldman Sachs Group (NYSE:GS), Citigroup (NYSE:C), and Bank of New York Mellon (NYSE:BK)—delivered stronger-than-expected fourth-quarter 2024 earnings…
Whitbread UK sales steady, Germany shines
Investing.com — Whitbread (LON:WTB) on Thursday reported a modest sales in the UK for the third quarter of fiscal year 2025. The owner of Premier Inn, reaffirmed its five-year growth…
China says US firm PVH engaged in ‘improper’ conduct related to Xinjiang
BEIJING (Reuters) – Preliminary findings showed that PVH Corp (NYSE:PVH), the parent company of Calvin Klein and Tommy Hilfiger, engaged in “improper” conduct related to the Xinjiang region, China’s commerce…
Taylor Wimpey shares down on cost woes
Investing.com — Shares of Taylor Wimpey (LON:TW) fell over 3% on Thursday after it flagged concerns over rising costs, particularly in the context of supplier pricing adjustments to reflect higher input…
TikTok prepares for immediate US shut-off on Sunday – The Information
Investing.com– TikTok, the widely popular short-video platform, is bracing for a potential shutdown in the United States as early as this Sunday, The Information reported on Wednesday citing sources familiar…