Booming sales at LVMH's fashion brands like Louis Vuitton, particularly in China, helped to cushion the impact of the coronavirus pandemic, which has crimped revenues at the French luxury group.
Tesla's quarterly report on Wednesday could trigger a US$7 billion options payout to Chief Executive Elon Musk, while owners of the electric car maker's soaring stock are keen to hear the company's target for 2021 deliveries.
LVMH, the world's biggest luxury company, said on Tuesday (Jan 26) that a strong pickup in Asian sales and robust online business helped contain the damage from Covid-19 in its 2020 results.
American Express Co said on Tuesday it expects an uptick in holiday travel this summer, but not business travel, as it seeks to recover from a year which dented airline traffic and hotel bookings, knocking 15per cent off its bottom line.
The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn in 2020 would be nearly a full percentage point less severe than expected.
Preliminary estimates show US President Joe Biden's proposed US$1.9 trillion economic stimulus package could boost US economic output by 5 per cent over the next three years, the chief economist of the International Monetary Fund said on Tuesday (Jan 26).
Preliminary estimates show U.S. President Joe Biden's proposed US$1.9 trillion economic stimulus package could boost U.S. economic output by 5per cent over the next three years, the chief economist of the International Monetary Fund said on Tuesday.
Champagne sales fell 18 per cent in volume terms in 2020 as the coronavirus pandemic shuttered drinking venues, although the decline was less than feared previously due to strong year-end demand, producers group CIVC said on Tuesday (Jan 26).
U.S. stocks rose on Tuesday with the S&P 500 hitting another record high as positive earnings updates from a slew of companies including Dow components 3M and Johnson & Johnson supported sentiment.
Qualcomm Inc on Tuesday said it will supply a range of chips for General Motors Co's next generation of vehicles.
