Markets Archives • Page 8567 of 10933 • Financial News

Markets

Abercrombie & Fitch Co quarterly sales beat expectations on online boost

Abercrombie & Fitch Co reported better-than-expected quarterly sales on Thursday as the apparel retailer benefited from a surge in online orders during the COVID-19 pandemic.

Markets

Tiffany quarterly sales fall 29per cent on pandemic hit

Tiffany & Co , which has delayed the close of its US$16.2 billion sale to France's LVMH , reported a 29per cent drop in quarterly sales on Thursday as the COVID-19 pandemic hammered demand for luxury goods.

Markets

Wall Street futures down ahead of Powell’s speech on monetary policy

U.S. stock index futures dipped on Thursday as tensions between Washington and Beijing dampened the mood ahead of an address by Federal Reserve Chair Jerome Powell, in which he is expected to take a softer stance on inflation to support a fragile economy.

Markets

Coty’s quarterly sales slump 56per cent as virus-wary shoppers stay home

Coty Inc reported a 56per cent drop in quarterly sales on Thursday, as demand for its beauty products took a hit from closures of stores and parlors during coronavirus lockdowns.

Markets

Delta, facing its own troubles, may have to repay US$300 million on behalf of Brazil’s Gol

Delta Air Lines is facing a fresh Latin American headache as a Monday deadline nears for former Brazilian partner Gol Linhas Aereas Inteligentes to repay a US$300 million loan that the U.S. carrier guaranteed.

Markets

Salary floor for Employment Pass holders in finance to be raised to S$5,000

MINIMUM salaries for Employment Pass (EP) holders in the financial services sector will be raised to S$5,000 from December, said the Ministry of Manpower (MOM) on Thursday, setting the bar S$500 higher than the tightened criteria for other sectors in the economy.

Markets

Chinese city regulators suspend Didi’s new ride-hailing service

Local city regulators in China have asked Didi Chuxing to suspend its new standalone ride-hailing service, citing a lack of operating licenses for the platform in their regions.

Markets

Amazon’s latest grocery store concept opens, with high-tech carts

Amazon.com Inc on Thursday said it is opening a supermarket in Los Angeles with shopping carts that let customers skip checkout lines, as the e-commerce company builds out its offline presence.

Markets

Exclusive: Alibaba in talks to hike stake in Chinese courier YTO Express

Alibaba is in talks with YTO Express Group's founders to raise its stake in the Chinese courier company with an aim to become the top shareholder, two people told Reuters, as it accelerates consolidation in the world's largest express delivery market.

Markets

Exclusive: Alibaba in talks to hike stake in Chinese courier YTO Express – sources

Alibaba is in talks with YTO Express Group's founders to raise its stake in the Chinese courier company with an aim to become the top shareholder, two people told Reuters, as it accelerates consolidation in the world's largest express delivery market.

Markets

Most Viewed

Trending Now