Luxury goods group Hermes delivers record 2016 profit margin Luxury goods group Hermes delivers record 2016 profit margin:- French luxury goods group Hermes (HRMS.PA) said on Wednesday it was starting 2017 on a solid footing after delivering record 2016 profits, providing further evidence of a broader recovery in the luxury […]
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Business
Markets fret as Trump agenda shows signs of cracks Markets fret as Trump agenda shows signs of cracks:- The steepest pullback in stocks since the U.S. presidential election reveals investor angst about President Donald Trump's ability to push through major reforms, leaving stocks vulnerable to a long-anticipated correction. The S&P […]
Hot U.S. real estate a potential red flag Hot U.S. real estate a potential red flag:- The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool […]
Asian stocks slide as fresh Trump jitters damage risk sentiment "Asian stocks have had a good run so this is a good excuse to take some money off the table though there is plenty of cash waiting on the sidelines to be invested if the selloff intensifies," said Alex Wong, […]
U.S. investor, CEO groups set for lobbying battle over proxy challenges U.S. investor, CEO groups set for lobbying battle over proxy challenges:- Shareholder activists are pushing back against a major business trade group's request that the White House use its influence on the U.S. securities regulator to make it harder […]
Goldman building robo-adviser to give investment advice to the masses Goldman building robo-adviser to give investment advice to the masses:- Goldman Sachs Group Inc (GS.N), known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted […]
Toshiba Westinghouse seeks U.S. bankruptcy financing Toshiba Westinghouse seeks U.S. bankruptcy financing:- Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp (6502.T), is taking offers for a financing package to help it go through U.S. bankruptcy, people familiar with the matter said on Monday. Toshiba is […]
Oil prices rise on talk that OPEC could extend supply cut Oil prices rise on talk that OPEC could extend supply cut:- Oil prices rose on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, while strong demand would also work to slowly […]
Fed on track to raise U.S. rates twice more this year Fed on track to raise U.S. rates twice more this year:- The Federal Reserve is on track to raise interest rates twice more this year after a policy tightening last week, and it could be more or less aggressive […]
Asian shares at 15-month high, dollar soft on less hawkish Fed Asian shares hit 15-month highs on Tuesday while the dollar and U.S. bond yields were on the back foot on the prospect of a less-hawkish Federal Reserve policy trajectory. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose […]
