PARIS (Reuters) – Ford plans to close its Blanquefort gearbox plant in southwestern France if no buyer can be found for the site, which employs 900 workers, the U.S. carmaker said on Thursday.
FLORENCE, Italy (Reuters) – Italy’s Gucci, the biggest earnings driver at French group Kering , said on Thursday it expected sales to grow at twice the pace of the luxury market in the coming years and for revenue to eventually reach 10 billion euros ($11.82 billion).
FLORENCE (Reuters) – Italy’s Gucci, the fashion brand fuelling a sales boom at Kering , said on Thursday it aimed to keep growing at twice the pace of the luxury market and aims to eventually reach 10 billion euros ($11.82 billion) in annual revenue.
LONDON (Reuters) – World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-than-expected wind-down of stimulus from the European Central Bank.
LONDON (Reuters) – British department store group House of Fraser said on Thursday it has proposed closing 31 stores in a move likely to result in 6,000 job losses.
(Reuters) – Honolulu could become the first U.S. city to limit fares ride-hailing companies can charge when demand spikes, following a city council vote on Wednesday, the Honolulu Star-Advertiser newspaper reported.
LONDON (Reuters) – House of Fraser said on Thursday it has proposed closing 31 department stores in Britain in a move that affects up to 6,000 jobs.
TOKYO (Reuters) – Asian shares rose to a fresh 11-week high on Thursday, supported by sound economic fundamentals, while expectations the European Central Bank (ECB) may soon start to wind down its stimulus boosted the euro and global bond yields.
WASHINGTON (Reuters) – The Federal Reserve will likely raise its target interest rate to above the rate of inflation for the first time in a decade next week, igniting a new debate: when to stop.
(Reuters) – President Donald Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5 billion in large installation projects, along with thousands of jobs, the developers told Reuters.
(Reuters) – Billionaire investor Warren Buffett and JPMorgan Chase Chief Executive Jamie Dimon voiced concerns that the financial markets’ focus on short-term goals is hurting the economy and urged companies to move away from providing quarterly earnings guidance, according to the Wall Street Journal.
PORTLAND, Ore./FRANKFURT (Reuters) – Daimler AG unveiled on Wednesday an all-electric big rig truck it promises to have in production in 2021, as the German automaker mounts a major challenge to European and American rivals, including new entrants like Tesla Inc .
TOKYO (Reuters) – Asian shares rose to a fresh 2-1/2-month high on Thursday, supported by sound economic fundamentals, while expectations the European Central Bank (ECB) could start to wind down its stimulus boosted the euro and global bond yields.
HONG KONG (Reuters) – Authorities in Macau, the world’s biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China’s latest move to clamp down on illicit capital outflows.
BEIJING (Reuters) – China’s Commerce Ministry said on Thursday that the country does not want an escalation of trade friction with the United States, and that some specific progress was made in talks that concluded over the weekend.
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