French luxury goods industry titan Bernard Arnault has been rethought his $ 16 billion deal for jewelry store Tiffany & Co after the coronavirus pandemic plunged the industry. Arnault called a board meeting of the luxury goods company he controlled, LVMH, on Tuesday to discuss the purchase of the US company, an informed person said. … Read more
The fashion chain Abercrombie & Fitch slipped deeper into the red in the first quarter due to the corona pandemic. The US company, which is gradually opening its branches again, failed to meet analysts’ expectations. Tesla competitor Nio exceeds expectations in the first quarter Chinese electric vehicle manufacturer Nio did well in the first quarter … Read more
The midday market overview, compiled by Dow Jones Newswires: === +++++ SHARE MARKETS (12.59 p.m.) +++++ INDEX booth + -% + -% YTD S&P 500 Future n.def. n.def. n.def. S&P 500 Future 2,876.75 + 1.05% -11.03% Euro-Stoxx-50 2,846.69 -1.30% -23.99% Stoxx-50 2,832.01 -0.99% -16.78% DAX 10,674.77 -1.34% -19.43% FTSE 5,940.47 -0.91% -20.52% CAC 4,403.89 -1.53% … Read more
The evening market overview, compiled by Dow Jones Newswires: === +++++ HOLIDAY NOTE +++++ WEDNESDAY: In Japan, stock exchange trading was suspended due to a compensation day for the “Constitution Day”. +++++ STOCK MARKETS (6:40 p.m.) +++++ INDEX booth + -% + -% YTD EuroStoxx50 2,843.76 -1.12% -24.07% Stoxx50 2,819.16 -0.23% -17.16% DAX 10,606.20 -1.15% … Read more
After announcing a crisis cell briefing on the pandemic At 5 p.m. (9 p.m. GMT), the US executive backed down and said the meeting was canceled. Furious after the controversy aroused by his remarks Thursday on possible use of disinfectants as potential treatment for Covid-19, Donald trump hinted Saturday that he would no longer show … Read more
The death toll of Canadians who lost their fight against COVID-19 increased on Saturday when Ontario reported 27 new deaths, bringing the total to 94. Since the unprecedented crisis affecting the planet began, 228 people have died from COVID-19 in the country. Quebec has 75 deaths, followed by British Columbia (35), Alberta (18), Saskatchewan (3), … Read more
The evening market overview, compiled by Dow Jones Newswires: === +++++ HOLIDAY NOTE +++++ MONDAY: Due to the Chinese New Year celebrations, no stock trading took place on the Chinese mainland stock exchanges or in Hong Kong. The holiday break in the heartland lasts up to and including January 31. There was no trade in … Read more