By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Farewell risk-on rally,…
Yen hits weakest level since 1990, pound down after PM announces resignation
By Karen Brettell NEW YORK (Reuters) – The dollar surpassed the symbolic level of 150 yen for the first time…
Affluent splash out on pricey Birkin bags but clouds loom
By Mimosa Spencer and Dominique Vidalon PARIS (Reuters) -Brushing off higher prices, affluent spenders are continuing to splash out on…
Gold trims gains as Treasury yields march higher
By Seher Dareen (Reuters) – Gold prices pared gains on Thursday, having risen about 1% on a softer dollar, as…
New Gucci head in China to lay out strategy soon to revive sales
PARIS (Reuters) – Gucci’s new chief in China will lay out his strategy to revive the label’s sales in the…
L’Oreal posts brisk sales rise despite disruptions in China
PARIS (Reuters) – Cosmetics group L’Oreal posted robust sales growth over the third quarter, lifted by brisk demand in Europe…
Hermes plans big price rises, says no sign of slowdown
By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes flagged plans to hike prices by 5% to 10% in 2023…
Russian business climate worsened in Oct -central bank
MOSCOW (Reuters) – Russia’s central bank said on Thursday that its business climate index slid into negative territory in October,…
Hedge funds see $26 billion in net outflows in Q3 – HFR
NEW YORK (Reuters) – Global investors redeemed $26 billion from hedge funds in the third quarter, in the second consecutive…
Russian rouble firms towards 61 vs dollar
MOSCOW (Reuters) -The rouble firmed towards 61 against the dollar on Thursday, with a favourable month-end tax period supporting the…