The media’s message Jason Kilar of CNN’s parent WarnerMedia and Fox Corp.’s Lachlan Murdoch made news yesterday — that’s their business, after all — at a Morgan Stanley conference. The shifting strategies of the media giants are in the spotlight as the Trump era fades, the pandemic approaches its final stages (let’s hope) and billion-dollar […]
LONDON — Dior is setting up shop at Dublin’s landmark department store Brown Thomas, with plans for an in-store women’s accessories boutique to open in the fall. The new space will be located on the ground floor of the store’s Dublin flagship and will offer handbags including the Lady Dior, Dior Caro and Dior Book Tote; […]
NEW YORK (Reuters) – Asian stocks skidded on Friday as rising U.S. Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.FILE PHOTO: A woman holding an umbrella walks near an electric board showing Nikkei index at a brokerage in […]
FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone BaseLONDON (Reuters) – Commodities-related revenue at the world’s 12 biggest investment banks surged by 85% last year compared to 2019 as oil and metals trading made further strong gains, consultancy […]
JAKARTA (BLOOMBERG) – Bank Jago will begin offering some banking services via mobile app this month before extending full-fledged products including loans, securing early-mover advantage in Indonesia’s booming digital banking industry. The lender, which received fresh capital from ride-hailing and payments giant Gojek and Singapore sovereign wealth fund GIC, will then embed its services on […]
Good news about vaccines and potential Covid recovery have hit sharemarkets in the past few weeks. At one point the NZX-50 was down more than 10 per cent from January highs – a technical correction. “It’s a funny situation when good news becomes bad news,” Pie Funds chief executive Mike Taylor told Market Watch. “The […]
Keeping you up to date with the latest market moves, in association with Investment firm Jarden New Zealand: The NZX 50 fell 1.1 per cent yesterday. This fall was led by the utilities sector down 1.8 per cent and healthcare down 1.6 per cent. The top-performing sectors of the day were financials up 1.7 per cent […]
FILE PHOTO: A sign is seen at a McDonald’s restaurant in Queens, New York, U.S., March 17, 2020. REUTERS/Andrew Kelly(Reuters) – McDonald’s Corp will keep dining rooms in its Texas and Mississippi restaurants closed, even as the two U.S. states lifted coronavirus curbs allowing businesses to reopen at full capacity. The fast-food chain told Reuters […]
PARIS — Hermès on Thursday unveiled a store renovation that is almost as stealthy as its famously understated luxury clothes. Entering its striking flagship on Rue de Sèvres in Paris, you’d be forgiven for not immediately noticing it has undergone a one-year renovation. Its central feature remains: three soaring huts made from curved slats of ash […]
LONDON (Reuters) – Britain’s Financial Conduct Authority said on Thursday it was lifting more curbs on “dark” trading, throwing down the gauntlet to the European Union after billions of euros of trading left London for Amsterdam in the wake of Britain’s departure from the bloc.FILE PHOTO: The London Stock Exchange Group offices are seen in […]