Business

Aston Martin loss wider than expected, keeps annual outlook intact

Wednesday, July 29 by SRN News

July 29 (Reuters) - Aston Martin's second-quarter loss was worse than market expectations on Wednesday, underscoring the scale of the challenges the luxury carmaker faces as it banks on sales of its Valhalla hybrid supercar and cost cuts to drive a turnaround. The more-than-a-century old... Read More.

Birkin bag maker Hermes posts 7% rise in quarterly sales

Wednesday, July 29 by SRN News

By Dominique Patton PARIS, July 29 (Reuters) - French luxury group Hermes reported a slight acceleration in growth in the second quarter on Wednesday, as the impact from the Middle East conflict eased and tourism recovered in France. Second-quarter sales of products including handbags, silk... Read More.

Vietnam’s biggest company, Vingroup, expands overseas as its home market slows

Wednesday, July 29 by SRN News

HANOI, Vietnam (AP) - Vietnam's biggest conglomerate, Vingroup, is moving into global markets as business at home slows, planning nearly two dozen projects in at least 15 countries, from a "Vietnam Town" in Uzbekistan to smart cities in India and a riverfront development in... Read More.

Gucci’s quarterly sales beat set to boost Kering shares

Wednesday, July 29 by SRN News

July 29 (Reuters) - Shares in Kering were poised to rise 10% on Wednesday, after quarterly sales at the luxury group's flagship brand Gucci beat market expectations thanks to strong U.S. demand for its new handbags. Kering's earnings, released on Tuesday, gave investors hope that... Read More.

Shared beds, shrinking budgets: China’s young workers feel economic squeeze

Wednesday, July 29 by SRN News

July 29 (Reuters) - Chinese sales agent Winnie Zeng has taken an unusual step to protect herself from an uncertain future: she now shares her rented bed with a stranger to cut costs. Frustrated by stagnant pay and worried about losing her job, the 25-year-old... Read More.

Austria’s 16th century bell foundry adds modern technology to keep the casting process alive

Wednesday, July 29 by SRN News

INNSBRUCK, Austria (AP) - Wearing protective gear to shield from the extreme heat of molten bronze, workers at one of the last bell foundries in Europe are casting bells weighing several tons. One after another, the artisans carefully pour the molten metal into special-shaped molds... Read More.

US bans foreign-made humanoid robots, targeting China over national security

Wednesday, July 29 by SRN News

HONG KONG (AP) - The Federal Communications Commission in the U.S. said on Tuesday it would ban the import of foreign-made humanoid robots in a move that targets China, arguing they pose a national security risk. The decision could strain bilateral relations as the technology... Read More.

Oil prices rebound by more than $2 a barrel on prospect of tightening US crude supplies

Tuesday, July 28 by SRN News

By Laila Kearney NEW YORK, July 29 (Reuters) - Oil prices rose by more than $2 a barrel in early trade on Wednesday on shrinking U.S. crude inventories, recouping some of the previous session's losses caused by a pause in fighting between Washington and Tehran. Brent... Read More.

Ford joins GM in raising profit outlook as wealthy buyers keep truck demand humming

Tuesday, July 28 by SRN News

By Nora Eckert DETROIT, July 28 (Reuters) - Ford Motor on Tuesday raised its annual profit outlook for a second time this year, following rival GM's move last week, citing "resilient" customers who are buying the company's pricey pickup trucks. Ford's shares were up 5.4% in... Read More.

Dollar steady ahead of Fed decision; Aussie falls after inflation data

Tuesday, July 28 by SRN News

By Rae Wee SINGAPORE, July 29 (Reuters) - The U.S. dollar held near a one-month high on Wednesday as hostilities flared anew in the Middle East, while traders awaited a key Federal Reserve interest rate decision later in the day. The Australian dollar slid after inflation... Read More.

Current Weather

Aston Martin loss wider than expected, keeps annual outlook intact

Birkin bag maker Hermes posts 7% rise in quarterly sales

Vietnam’s biggest company, Vingroup, expands overseas as its home market slows

Gucci’s quarterly sales beat set to boost Kering shares

Shared beds, shrinking budgets: China’s young workers feel economic squeeze

Austria’s 16th century bell foundry adds modern technology to keep the casting process alive

US bans foreign-made humanoid robots, targeting China over national security

Oil prices rebound by more than $2 a barrel on prospect of tightening US crude supplies

Ford joins GM in raising profit outlook as wealthy buyers keep truck demand humming

Dollar steady ahead of Fed decision; Aussie falls after inflation data

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