Chinese shoppers abroad to boost Ferragamo’s 2014 sales
MILAN (Reuters) – Travelling Chinese shoppers snapping up leather goods will drive sales growth in 2014 at luxury group Salvatore Ferragamo, its chief executive said on Sunday, before it showed a menswear collection aimed at promoting its Italian herit…
China auto market seen cruising to another strong year
SHANGHAI/DETROIT (Reuters) – The world’s biggest auto market will likely sustain the momentum it regained in 2013, helped by an anticipated array of economic stimulus measures and robust demand for cars in smaller cities of China’s interior regions, ac…
Britain’s Jaguar Land Rover taps global markets for record sales
LONDON (Reuters) – British luxury car manufacturer Jaguar Land Rover sold a record volume of vehicles last year, when rising demand in markets such as Brazil, China, India and the United States helped it boost sales by sales by 19 percent.
German prosecutors probe Leumi clients over tax evasion: report
FRANKFURT (Reuters) – German prosecutors and tax authorities are investigating clients of Leumi for allegedly evading taxes through a Swiss branch of the Israeli bank, a German magazine reported.
Exclusive: U.S. investigating Honeywell over export, import controls
WASHINGTON (Reuters) – The U.S. Justice Department is investigating export and import procedures at Honeywell International Inc after the firm included Chinese parts in equipment it built for the F-35 fighter jet, three sources familiar with the matter…
Insight: Italian home base hampers sofa king Natuzzi
SANTERAMO IN COLLE, Italy (Reuters) – From this hilltop town on the heel of Italy’s boot, Pasquale Natuzzi has built an eponymous furniture company that is one of the country’s most global brands. It sells sofa beds from Dallas to New Delhi and is one …
ThyssenKrupp chief tests shareholder patience on steelmaker overhaul
FRANKFURT (Reuters) – Three years after taking the helm at ThyssenKrupp , Heinrich Hiesinger is running out of time to implement his ambitious plan to retool the 200-year-old German steelmaker as a high-tech engineering conglomerate.
Monte dei Paschi board meeting sets agenda for Italy’s banks
MILAN (Reuters) – Much is at stake when the board of bailed-out bank Monte dei Paschi di Siena meets next Tuesday, including possible management resignations, after a charitable foundation forced it to postpone a vital $4 billion rights issue planned f…
Trafigura passes baton to next generation of billionaire traders
LONDON (Reuters) – Commodity trading giant Trafigura is going through a once-in-a-generation ownership reshuffle, spending billions of dollars to buy out its earliest shareholders and allocating stock to a new generation of would-be billionaire traders…
U.S. profits could bounce in 2014 if economy gains steam
NEW YORK (Reuters) – A more robust U.S. economy could lift 2014 profits and boost corporate spending, giving some comfort to investors worried about bloated stock prices.
