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Hermes sales lifted by robust growth in U.S., Asia
By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes posted a 22.9% rise in fourth quarter sales, lifted by brisk business in the United States, and flagged "no fundamental change" in trends in ...
Syndicated Content Feb 17, 2023
Credit Suisse Singapore CEO to leave in latest banker exit at firm
SINGAPORE (Reuters) - Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to a memo seen by Reuters, in the latest senior banker depart...
Syndicated Content Feb 17, 2023
Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters – sources
By Josh Ye HONG KONG (Reuters) - Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount...
Syndicated Content Feb 17, 2023
Russia stands by 2% of GDP budget deficit plan after huge Jan shortfall
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia's finance ministry is sticking with plans to post a budget deficit of no more than 2% of gross domestic product (GDP) in 2023, despit...
Syndicated Content Feb 17, 2023
Airports see smoother summer travel than 2022 but brace for headaches
By Allison Lampert and Joanna Plucinska (Reuters) - Global airports expect smoother travel this summer as staffing improves, but surging passenger demand during peak periods in Europe and North Americ...
Syndicated Content Feb 17, 2023
Swiss Re 2022 net profit down 67%; sees brighter outlook for 2023
FRANKFURT (Reuters) - Reinsurance company Swiss Re said on Friday that net profit for 2022 fell 67% as it faced claims from Hurricane Ian in Florida, pandemic losses, and high inflation, but it sees a...
Syndicated Content Feb 17, 2023
Japan consumer inflation rate seen accelerating to over 41-year high: Reuters poll
By Tetsushi Kajimoto TOKYO (Reuters) - Japan's core consumer prices likely accelerated to a more than 41-year high in January, a Reuters poll of 19 economists showed, reflecting companies' will to rai...
Syndicated Content Feb 17, 2023
Analysis-European firms strike high-stakes bond deals as interest rates rise
By Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) - European firms are selling debt that can be converted into their own shares at an unrelenting pace, as they seek shelter from the fastest e...
Syndicated Content Feb 17, 2023
Russians switch to used cars as sanctions pummel auto sector
By Gleb Stolyarov and Alexander Marrow MOSCOW (Reuters) - Spending on new cars in Russia more than halved last year as the auto industry felt the full force of Western sanctions over the conflict in U...
Syndicated Content Feb 17, 2023
How sanctions complicated day-to-day banking for Russians
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) - Financial sanctions against Russia have strangled its banks' profits and wrecked many lenders' international operations, but one year after...
Syndicated Content Feb 17, 2023
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