LVMH drops 8% on sales miss as geopolitics hit wine, fashion revenues; Kering, Burberry fall too
Shares in LVMH dropped 8% on Tuesday morning after the French luxury giant reported an unexpected fall in first-quarter sales,…
Singapore dissolves parliament ahead of election as cost and trade worries mount
Singapore has officially entered election season as President Tharman Shanmugaratnam dissolved parliament on Tuesday, acting on the advice of Prime…
China halts Boeing jet deliveries amid rising US-China trade tensions, report says
In a further escalation to the trade war with the US, China has instructed its airlines to suspend all further…
Honda considers ramping up US production to offset Trump tariffs, aims for 90% local output
Honda Motor Co. is considering shifting a significant portion of its vehicle production from Mexico and Canada to the United…
Why Malian government is shutting down Barrick’s Bamako office?
In a recent escalation of the ongoing dispute between the Malian government and Canadian mining company Barrick Gold over mining…
Canada’s inflation unexpectedly cools to 2.3% in March
Canada’s annual inflation rate decreased to 2.3% in March, down significantly from the previous month. A softer-than-expected inflation reading modestly…
How Wall Street banks cashed in on Trump’s tariff turbulence as market volatility boosted equity trading revenues
While US President Donald Trump’s renewed tariff campaign has rattled markets and tested corporate nerves, Wall Street banks are reaping…
HPE stock rallies after Elliott Investment reportedly builds $1.5B stake
Elliott Investment Management has quietly built a stake worth more than $1.5 billion in HewlettPackard Enterprise Co. (HPE), becoming one…
US Prez Donald Trump says smartphone tariff relief was temporary, new duties coming
A recently announced pause on steep US tariffs for certain Chinese electronics, including smartphones and laptops, appears to be merely…
Indian shrimp exporters hit hard as US alters tariff rules
Exporters in India, the biggest supplier of shrimp to the US, say that President Donald Trump’s tariffs could endanger a…