Chinese financial players shake up Hong Kong office market
HONG KONG (Reuters) – Mainland Chinese financial institutions have expanded their physical footprint in Hong Kong’s prime business district at their fastest pace in five years, driving up rents and underscoring how Beijing’s policies are reshaping the …
Target to invest billions to improve supply chain, ramp up online growth
NEW YORK (Reuters) – Target Corp said on Wednesday it will invest $2-$2.5 billion annually starting 2017, mainly to upgrade its supply chain and technology infrastructure, as it races to reduce stock shortages and pushes for online growth.
U.S. retailer Sports Authority files for bankruptcy, seeks buyers
(Reuters) – Sports Authority Inc filed for Chapter 11 protection on Wednesday in the face of growing online competition, touching off a scramble to close weaker stores and find a buyer before the end of next month.
Wall St. rises late, led by energy and bank shares
(Reuters) – Energy and bank stocks led Wall Street higher on Wednesday, adding to a rally in the previous session, after strong jobs data dispelled concerns over the health of the U.S. economy.
Volkswagen says did not breach market disclosure rules
FRANKFURT/BERLIN (Reuters) – Volkswagen said on Wednesday its top management did not violate market disclosure rules and is taking legal action to fend off lawsuits claiming it had been too slow to inform investors about its rigging of diesel emissions…
U.S. economic activity expanded, but conditions mixed: Fed
WASHINGTON (Reuters) – U.S. economic activity continued to expand in most districts from early January to late February but conditions varied considerably across regions and within sectors, the Federal Reserve said on Wednesday.
Toyota adds 331,200 vehicles to Takata air bag recalls
DETROIT (Reuters) – Toyota Motor Corp said on Wednesday it is expanding by 331,200 cars worldwide its recall involving potentially defective Takata Corp air bag parts.
Abercrombie’s turnaround effort boosts holiday sales, hits forecast
(Reuters) – Abercrombie & Fitch Co posted a surprise rise in sales at established stores in the holiday-shopping quarter, ending a streak of more than three years of declines, a sign that its efforts to revive sales growth is paying off.
Adidas nominates major investors to board
NUREMBERG, Germany (Reuters) – Adidas is proposing that Egyptian tycoon Nassef Sawiris and a representative of Belgium’s richest man Albert Frere join its supervisory board after both took significant stakes in the German sportswear group.
Fed’s Williams: View on right number of rate hikes little changed
SAN RAMON, Calif. (Reuters) – San Francisco Federal Reserve President John Williams said on Wednesday there has been no substantial change in his outlook on the U.S. economy or his opinion on the number of times the Fed should raise interest rates this…
