PARIS — Lanvin aims to become profitable by 2023, thanks to a new turnaround plan that includes an accessories thrust and the downsizing of the Paris headquarters, according to deputy chief executive officer Arnaud Bazin. “I want to continue building this iconic French fashion label and I would like to see it resonate all over […]
SYDNEY (Reuters) – Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery.FILE PHOTO: A man stands in front of a screen displaying Nikkei share average and […]
FILE PHOTO: The Chevron Pascagoula Refinery is pictured as Tropical Storm Gordon approaches Pascagoula, Mississippi, U.S., September 4, 2018. REUTERS/Jonathan Bachman/(Reuters) – Berkshire Hathaway Inc shareholders on Saturday easily rejected proposals requiring the company run since 1965 by Warren Buffett to disclose more about its efforts to address climate change and promote diversity and inclusion […]
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said on Saturday its results are rebounding from the worst effects of the COVID-19 pandemic and that it has extended its aggressive stock repurchases with $6.6 billion of new buybacks.Slideshow ( 3 images )First-quarter results suggest that the Omaha, Nebraska-based conglomerate, whose dozens of operating businesses include the […]
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said on Saturday its results are rebounding from the worst effects of the COVID-19 pandemic and that it has extended its aggressive stock repurchases with $6.6 billion of new buybacks.Slideshow ( 3 images )First-quarter results suggest that the Omaha, Nebraska-based conglomerate, whose dozens of operating businesses include the […]
NEW YORK (Reuters) – U.S. companies are leaping above expectations on first-quarter earnings, giving investors stronger confirmation that profit growth will be able to support the market this year.FILE PHOTO: The “Fearless Girl” sculpture is seen outside the New York Stock Exchange (NYSE) during a snow storm in the Manhattan borough of New York City, […]
But the rule change by the Federal Reserve Board didn’t require banks to drop their limits, and some haven’t. By Ann Carrns A year ago, as the economy shut down during the pandemic and millions lost their jobs, the Federal Reserve Board changed a banking rule to give people easier access to the money in […]
With the pandemic shifting sales online and consumers flush with stimulus checks, Amazon on Thursday reported $108.5 billion in sales in the first three months of the year, up 44 percent from a year earlier. It also posted $8.1 billion in profit, an increase of 220 percent from the same period last year. The high […]
By Jack Ewing Volkswagen’s American unit was only kidding when it put out the word late in March that it was changing its name to “Voltswagen” to show its commitment to electric vehicles. To say the April Fool’s joke didn’t land is an understatement. Now the misfired marketing gag has prompted an inquiry by the […]
SINGAPORE – To help its members get better at using online platforms effectively and discovering new opportunities, the Singapore Indian Chamber of Commerce and Industry (SICCI) will be partnering global trading network Proxtera to transform trade documentation services. This is one way business organisations such as the chamber can help Singapore maintain its global prominence, […]