Kering To Name Group Level Image Executive Following Balenciaga Ad Controversy
PARIS (Reuters) – Kering is creating a new position at the group level to oversee “brand safety” following the controversy…
2023
China Firmly Opposed To U.S. Blacklist On Chinese Entities, Will Take Countermeasures
BEIJING (Reuters) – China said it will take countermeasures against U.S. entities that undermine Chinese sovereignty, its foreign ministry said…
Glencore Declares $7.1 Billion Payout To Shareholders After Record 2022
LONDON (Reuters) -Glencore announced a payout of $7.1 billion to its investors on Wednesday, including a $1.5 billion share buyback,…
Berkshire dumps shares in TSMC, banks; increases Apple stake
By Carolina Mandl and Sittrarasu S NEW YORK/BANGALORE (Reuters) -Warren Buffett’s Berkshire Hathaway Inc slashed its stake in Taiwanese contract…
Gucci Slump Pushes Kering Sales Down 7% In Q4
PARIS (Reuters) – Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump…
South Korea Jan Import Price Growth At Near 2-year Low
SEOUL (Reuters) – South Korea’s import prices fell for a third consecutive month in January to bring the annual growth…
Oil Prices Drop As U.S. Inventories Jump Fuels Demand Worries
By Laila Kearney and Muyu Xu (Reuters) -Oil prices extends losses on Wednesday as a much bigger-than-expected surge in the…
Musk Donated Around $1.95 Billion In Tesla Shares Last Year
(Reuters) – Tesla chief executive Elon Musk donated shares worth $1.95 billion in the world’s most valuable automaker to charity…
Japan’s Kishida Says Ueda Is Most Fit To Lead BOJ
TOKYO (Reuters) – Japanese prime minister Fumio Kishida said on Wednesday Bank of Japan (BOJ) governor nominee Kazuo Ueda is…
Oil Falls After Industry Data Points To Jump In U.S. Crude Stocks
By Laila Kearney (Reuters) – Oil prices slipped in early Asian trade on Wednesday after falling by more than $1…