Shares of Cartier owner Richemont climb on record full-year sales, new CEO
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia-Pacific spending waned.
How this L’Oréal exec stays motivated at work even after working at the same company for 30 years
Vismay Sharma, president of L’Oreal SAPMENA, loves his job even after 30 years in the same company. Here’s how he stays motivated.
Steve Jobs’ former intern reflects on working for the tech mogul: ‘I worked 20 yards away from him every day’
Steve Jobs’ former intern is now a tech CEO who sold his company to Google. He attributes much of his success to his time working at NeXT.
China is a ‘critical’ global supplier, full decoupling may be impossible, survey shows
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.
ECB board member reportedly cautions against back-to-back rate cuts, cites ‘risk of easing prematurely’
European Central Bank board member Isabel Schnabel warned against back-to-back rate cuts amid continued inflation risks, according to a Nikkei report.
CNBC’s Inside India newsletter: What’s next for India’s regulators?
One area that has caught regulators’ attention is the rapidly growing derivatives market, particularly futures and options trading.
IMF says U.S. should keep open trade, work with China to resolve disputes
The U.S. would be better served by maintaining its open trade system rather than imposing new punitive duties on Chinese goods, according to the IMF.
HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Ping An last year had supported a shareholder motion to spin off HSBC’s Asia business and establish fixed dividends. The motion was eventually defeated.
Vietnam reportedly forfeits billions of dollars in foreign aid amid anti-graft freeze
Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion due to administrative paralysis.
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Walmart may just be a pit stop for high-income consumers.
