Hermes snubs luxury resale market
Birkin bag maker Hermes (HRMS.PA) is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its
Category: Business
U.S. consumer spending beats expectations in June; inflation accelerates
U.S. consumer spending increased more than expected in June as Americans paid more for goods and services, with monthly inflation surging by the most since
Spanish banks weigh impact of windfall tax, consider legal challenge
BBVA (BBVA.MC) and Caixabank (CABK.MC) on Friday said they were looking at the potential impact of a proposed tax on banks in Spain and exploring
Ray-Ban maker EssilorLuxottica sees Americas sales growth slow
Ray-Ban parent EssilorLuxottica (ESLX.PA) saw sales growth slow in North America in its latest quarter, raising concerns about its exposure to recession in the United
Carmaker BYD to recall more Tang DM hybrids in China over battery faults
Chinese carmaker BYD Co Ltd is recalling more Tang DM vehicles due to faults with the battery pack trays which pose water inflow risks, the
Amazon, Apple raise hopes as investors brace for slowdown
Apple (AAPL.O) and Amazon (AMZN.O) added about $175 billion to their combined market value on Friday after upbeat results boosted investor confidence on the ability
U.S. consumer inflation expectations ease in July, UMich says
U.S. consumers lowered their views of where inflation is headed in July, a closely watched survey showed on Friday, a downshift in expectations that will