Hermes upbeat on China as strong U.S., European demand buoys sales

PARIS (Reuters) -Sales at Birkin bag maker Hermes beat estimates in the first quarter, lifted by strong appetite for its luxury accessories, particularly in the United States and Europe, as the sector powers through turbulence from the war in Ukraine and COVID lockdowns in China.

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14-04-2022

Russian rouble falls with capital control measures in focus

The Russian rouble weakened on Thursday, driven by expectations that Russia may relax its temporary capital control measures further, while stocks fell as the country continued what it calls "a special military operation" in Ukraine.

newspaper

14-04-2022

Toyota aims to rev up 67-year-old Crown with SUV model, sources say

TOKYO (Reuters) -Toyota Motor Corp plans to launch a sport utility vehicle version of its Crown sedan for Japan, China and North America, three people said, revamping a car that has been a showpiece of Japan's market for nearly seven decades.

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14-04-2022

China's GDP growth seen slowing to 5.0% in 2022 on COVID hit - Reuters poll

China's economic growth is likely to slow to 5.0% in 2022 amid renewed COVID-19 outbreaks and a weakening global recovery, a Reuters poll showed, raising pressure on the central bank to ease policy further.

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14-04-2022

Mixed earnings cap gains in European shares ahead of ECB decision

European shares held steady on Thursday after a mixed batch of earnings, while investors waited to hear from the European Central Bank amid risks to economic growth from rising inflation.

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14-04-2022

China securities regulator orders Legend Holdings to fix information disclosures

China's securities regulator on Thursday ordered Legend Holdings Corp to rectify information disclosure issues.

newspaper

14-04-2022

Toyota aims to jumpstart 67-year-old Crown with SUV model, sources say

Toyota Motor Corp plans to launch a sport utility vehicle (SUV) version of its Crown sedan next year, three people said, overhauling a model that has been a showpiece in the Japanese market for nearly seven decades.

newspaper

14-04-2022

UK retailer Dunelm's quarterly sales surge as stores reopen

(Reuters) -Dunelm said on Thursday its total sales jumped in the third quarter, as the British homeware retailer benefited from the reopening of stores after coronavirus curbs were eased.

newspaper

14-04-2022

Ericsson warns likely to be fined over Iraq scandal, reports profit slump

STOCKHOLM (Reuters) -Swedish telecom provider Ericsson said on Thursday it would likely be fined by U.S. regulators for its handling of a bribery investigation in Iraq and reported a slide in quarterly earnings due to its suspension of business in Russia.

newspaper

14-04-2022