Category Archives:
Ralph Lauren posts surprise rise in quarterly sales on steady demand
(Reuters) -Ralph Lauren Corp reported a surprise rise in fourth-quarter revenue on Thursday, as affluent U.S. shoppers snapped up its pricey sweaters and suits even as overall luxury spending cooled i...
May 25, 2023
Chanel flags weaker U.S. sales, sees pickup in China
By Mimosa Spencer PARIS (Reuters) - Chanel sales in the United States, one of the luxury label's top three markets, have slowed to a single-digit growth rate over the past six months, it said on Thurs...
May 25, 2023
Moody’s: Emerging market credit to be tight amid U.S.-led risks
LONDON (Reuters) - Emerging economies will continue to suffer from the spillover of economic problems in the U.S., which are restricting their market access and pushing up financing costs, a Moody's r...
May 25, 2023
Turkey’s cenbank holds policy rate at 8.5% ahead of election runoff
ANKARA (Reuters) - Turkey's central bank kept its policy rate at 8.5% on Thursday as expected, holding steady for a third straight month, despite a market rout after the first round of elections which...
May 25, 2023
Insurer MetLife enters $19.2 billion reinsurance deal, boosts share buyback
(Reuters) - MetLife Inc said on Thursday it had signed a $19.20 billion reinsurance deal with retirement and life insurance firm Global Atlantic, and boosted its stock buyback programme to $4 billion....
May 25, 2023
DBRS Morningstar puts U.S. triple-A rating on downgrade warning
LONDON (Reuters) - Credit rating agency DBRS Morningstar put its rating for the United States on review for a downgrade on Thursday over Washington's haggling over its borrowing limits, less than 24 h...
May 25, 2023
Dollar Tree trims profit forecast on slowing demand
(Reuters) - Dollar Tree Inc cut its annual profit forecast on Thursday, as high inflation dampens demand for higher-margin items such as party supplies and fashion accessories. The company said it now...
May 25, 2023
EU antitrust regulators to clear Viasat’s Inmarsat deal, source says
BRUSSELS (Reuters) - EU antitrust regulators are set to clear U.S. company Viasat's $7.3 billion bid for British satellite rival Inmarsat without demanding concessions, a person with direct knowledge ...
May 25, 2023
3D printer maker Stratasys to merge with Desktop Metal in deal valued at $1.8 billion
(Reuters) - Stratasys Ltd, a maker of industrial 3D printers, said on Thursday it would merge with peer Desktop Metal Inc in an all-stock transaction valued at about $1.8 billion. The transaction come...
May 25, 2023
Argentina launches dispute against United States at WTO
GENEVA (Reuters) - Argentina has initiated a dispute against the United States at the World Trade Organization regarding tubular goods used in oil production, the trade watchdog said on Thursday. The ...
May 25, 2023
Peoria, IL, USA
42 °F Partly cloudy
