British fashion house Burberry announced Friday a further decline in sales, hit by weak demand in China, but the troubled group is showing signs of recovery under new leadership. Revenue dropped seven percent to £659 million ($871 million) in the company’s third quarter, covering the three months to late December, from the period a year earlier, …
Troubled Burberry shows sign of recovery despite sales drop Read More »
Markets rose Friday after a record day on Wall Street in response to Donald Trump’s tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan.In a much-anticipated speech via video link at the Davos World Forum in Switzerland, Trump pushed for lower interest rates and said he …
Stock markets build on Trump rally, yen climbs after BoJ cut Read More »
The Bank of Japan increased interest rates on Friday to their highest in 17 years and signalled more hikes to come, sending the yen higher against the dollar.The well-flagged 25-basis-point rise to 0.5 percent comes as data indicates the Japanese economy is developing in line with BoJ expectations and follows another bumper inflation reading.The move, …
Bank of Japan hikes interest rate to 17-year high, boosts yen Read More »
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump’s tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan.In a much-anticipated speech via video link at the Davos World Forum in Switzerland, Trump pushed for lower interest rates and said …
Asian markets build on Trump rally, yen climbs after BoJ cut Read More »
The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.The well-flagged 25-basis-point increase to 0.5 percent comes as economic data indicates the world’s fourth-biggest economy was developing in line with the policymakers’ expectations …
Bank of Japan hikes interest rate to 17-year high, signals more Read More »
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump’s tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.In a much-anticipated speech via video link at the Davos World Forum in Switzerland, the new president …
Asian markets build on Trump rally, yen steady ahead of BoJ Read More »
Japan’s much-loved “tonkatsu” pork cutlets come with a mound of freshly shredded cabbage, but a surge in the price of the humble vegetable has prompted chef Katsumi Shinagawa to skimp on servings.The culprit is a changing climate. Last year’s record summer heat and heavy rain ruined crops, driving up the cost of the leafy green …
Climate change cooks up Japanese ‘cabbage shock’ Read More »
The S&P 500 finished at a fresh all-time record Thursday as US stocks shrugged off early weakness, welcoming President Donald Trump’s pledge to cut corporate taxes.In a much-anticipated video appearance at the World Economic Forum in Davos, Trump pushed for lower interest rates and said he would cut taxes for companies investing in the United …
Trump Davos address lifts S&P 500 to record, dents oil prices Read More »
A tech-fuelled rally on Wall Street faltered on Thursday as concerns about interest rates and high stock valuations sapped investor confidence.Crude prices slumped after US President Donald Trump called on Saudi Arabia and OPEC to reduce oil prices.Wall Street has been on a tear over the past week, with the S&P 500 setting a record …
Wall Street’s AI-fuelled rally falters, oil slumps Read More »
A tech-fuelled rally on Wall Street faltered on Thursday as concerns about interest rates and high stock valuations sapped investor confidence.Wall Street has been on a tear over the past week, with the S&P 500 setting a record high in the wake of US president Donald Trump’s massive AI-investment announcement.But both the S&P 500 and tech-heavy …
