Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands
French luxury group Kering warned Tuesday that Gucci sales look set to fall 20% in the first quarter as declining Asia sales continue to weigh on the fashion brand.
CNBC Daily Open: Inflation fight gets harder in final stretch
The final leg of the inflation fight is proving to be difficult for the Fed.
Hong Kong’s national security law has analysts divided on its social and economic ramifications
Hong Kong passed the Safeguarding National Security Bill that seeks to “prevent, suppress and punish espionage activities” in a special session on Tuesday.
UK inflation falls more than expected, hits lowest in nearly two-and-a-half years
U.K. inflation came in lower than expected at 3.4% year-on-year in February, official figures showed Wednesday, down from 4% in January.
Samsung soars more than 5% after report of Nvidia considering its next-gen chips
Shares of South Korean heavyweight Samsung Electronics soared more than 5%.
China tells U.S. to not take sides on South China Sea issue
China said the U.S. must refrain from taking sides on the South China Sea issue, after Blinken said a security deal extended to attacks on Filipino guard.
Apple CEO Tim Cook visits Shanghai amid a slowdown in China iPhone sales
Apple’s Tim Cook is on a visit to Shanghai ahead of the opening of a new retail store and distressed iPhone sales in the country.
As Europe battles an ‘onslaught’ of China EVs, one CEO has a plan
Renault set out a series of proposals to boost Europe’s auto sector — making numerous references to how China has supported its own industry.
‘Mr Yen’ says Japan could intervene if yen falls to 155
Eisuke Sakakibara, known as “Mr Yen” for his previous influence on the Japanese currency. He is a former Japan vice-minister for finance and international affairs.
