By Mimosa Spencer and Mimosa Spencer PARIS (Reuters) -LVMH Chairman and CEO Bernard Arnault named his daughter Delphine as CEO…
Uniqlo owner gives Japan Inc a jolt with 40% wage hike
By Rocky Swift TOKYO (Reuters) – Uniqlo parent Fast Retailing Co Ltd on Wednesday said it would raise wages by…
With a sale of Chinese yuan, Russia kicks off 2023 forex intervention
By Guy Faulconbridge and Darya Korsunskaya MOSCOW (Reuters) -Russia said it would resume foreign currency interventions with the sale of…
Boeing orders jump but trail Airbus for 4th straight year as China lags
By David Shepardson WASHINGTON (Reuters) -Boeing Co reported a sharp jump in airplane orders and deliveries in 2022 but trailed…
Christmas fizz prompts UK’s Sainsbury’s to lift profit guidance
By James Davey LONDON (Reuters) -Sainsbury’s, the first listed British supermarket to update on Christmas trading, forecast full-year profit at…
Marketmind: Keeping counsel ’til CPI
A look at the day ahead in U.S. and global markets from Mike Dolan. No news from the Fed appears…
VW China head sees China’s overall car sales rising 5% in 2023
SHANGHAI (Reuters) -China’s overall passenger vehicle sales are estimated to rise 5% in 2023, Volkswagen AG’s China President Ralf Brandstaetter…
South Africa’s Telkom, Rain terminate deal talks; Telkom shares jump
JOHANNESBURG (Reuters) – South African telecoms operator Telkom and data network provider Rain have terminated discussions about a potential acquisition…
Analysis-Gated UK property funds are open to further risk
By Carolyn Cohn and Elizabeth Howcroft LONDON (Reuters) – UK property funds face further exit requests, asset fire sales and…
Move over TINA, it’s time for TARA
(Refiles to change title in paragraph four to CIO from chief executive for Global Fixed Income at PIMCO. No other…