Tiffany’s strong China sales offset tepid Americas business
(Reuters) – Tiffany & Co’s strong sales in China and higher prices made up for some disappointing business in its home market in the latest quarter, leading the U.S. jeweler on Tuesday to raise its profit forecast for the year.
World’s top banks on track to meet tougher capital rules
LONDON (Reuters) – The world’s top banks will likely comply with new global rules forcing them to hold more capital well before the deadline at the end of 2018, global banking supervisors said on Tuesday.
Russia-Belarus potash dispute ignites diplomatic row
MOSCOW/MINSK (Reuters) – Russia demanded on Tuesday the release of the head of Russian company Uralkali, whose arrest in Belarus threatens to turn a business dispute that shook the $20-billion global potash market into a major diplomatic row.
J&J puts Chinese businesses under one chairman there
(Reuters) – Johnson & Johnson said on Tuesday that the business heads of its three Chinese operations would start reporting to one chairman there next month in an effort to increase sales in that country.
U.S. consumer confidence rises in August
NEW YORK (Reuters) – U.S. consumer confidence rose in August as consumers’ outlook for the future improved, according to a private sector report released on Tuesday.
French court suspends ban on Mercedes cars in coolant row
PARIS (Reuters) – France’s top administrative court suspended a French ban on sales of some Daimler cars on Tuesday, ordering authorities to resume registrations of the vehicles while it weighs a definitive ruling.
Pimco’s El-Erian warns against risks of debt ceiling fight: Bloomberg TV
NEW YORK (Reuters) – Mohamed El-Erian, chief executive of bond giant Pimco, said Tuesday that the economy cannot absorb uncertainties, including another “fight” on the debt limit.
China investigates more top PetroChina executives over corruption
BEIJING/HONG KONG (Reuters) – A high-level government probe into corruption at China’s leading oil and gas firm widened on Tuesday, with three additional senior officials at the state-run giant being investigated over alleged wrongdoing.
Planemakers eye replacement sales at Russian air show
MOSCOW (Reuters) – The world’s top aircraft makers, scenting a major opportunity in replacing ageing Russian air fleets, will be touting their wares at Moscow’s MAKS air show this week in the hope of winning a big slice of that multi-billion dollar mar…
China appliance makers flip the retail switch to survive
HONG KONG (Reuters) – Chinese white goods makers like Haier Electronics Group Co Ltd are muscling in on their distributors and expanding into logistics and e-commerce in a bid to win the fierce battle for margins in the world’s biggest home appliance m…
