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…
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…
Philip Morris sweetens offer for Swedish Match, calls it ‘best and final’
By Akriti Sharma and Marie Mannes (Reuters) -Marlboro maker Philip Morris International Inc on Thursday raised its buyout bid for…
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…
Deutsche Boerse CEO: getting calls for M&A deals but am selective
FRANKFURT (Reuters) – Deutsche Boerse is getting a lot of incoming calls on merger and acquisition ideas but is being…
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…
Ukraine holds key rate at 25%, sees it unchanged until 2024
By Max Hunder KYIV (Reuters) -The National Bank of Ukraine kept its key rate unchanged at 25% on Thursday, a…
Russians withdrew $7.5 billion in Sept as they left the country – central bank
MOSCOW (Reuters) -Russian citizens withdrew 458 billion roubles ($7.5 billion) in cash from banks in September, with the bulk of…