PARIS (Reuters) – French luxury group Kering said sales in the third quarter increased by 14%, driven by a strong…
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…
Union Pacific confident of labor deal ratification; flags possibility of strike
By Abhijith Ganapavaram (Reuters) – U.S. railroad Union Pacific Corp’s chief executive expressed confidence on workers agreeing to a new…
Dow beats Q3 estimates, plans $1 billion in cost cuts as energy prices rise
By Ruhi Soni (Reuters) -Chemicals giant Dow Inc on Thursday beat third-quarter profit estimates and outlined plans to cut costs…
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…
Meta oversight board can now apply warning screens on content
(Reuters) – Meta Platforms Inc’s independent oversight board said on Thursday that starting this month it can decide on applying…
Russia to launch Moskvich car production at former Renault plant in December
MOSCOW (Reuters) – Russia plans to start production of the Soviet-era Moskvich cars in December, Moscow Mayor Sergei Sobyanin said…
U.S. weekly jobless claims fall
(Reuters) – The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, indicating the labor market…
Fed may have to slow or stop balance sheet trimming in 2023, Barclays says
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve may have to slow or stop shrinking its nearly…