Fashion
Ferrari’s core profit rises 7%, helped by product mix, personal touches
[ad_1] FERRARI said on Tuesday (Nov 5) its core earnings rose 7 per cent in the third quarter, despite a slight decrease in car shipments, as the luxury sports car...
Burger King parent Restaurant Brands misses sales estimates on muted demand
[ad_1] RESTAURANT Brands missed estimates for quarterly revenue on Tuesday (Nov 5) due to weak demand across key businesses such as Tim Hortons, Burger King and international markets including China...
Thomson Reuters reports higher third quarter revenue
[ad_1] THOMSON Reuters on Tuesday (Nov 5) reported higher than expected third-quarter revenue as it continued to invest in generative AI.
The Toronto-based content and technology company reported a quarterly revenue...
German parts maker Schaeffler to cut 4,700 jobs on auto woes
[ad_1] Schaeffler will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen and other German carmakers ripples through their supply chains.About 2,800 of...
China stocks end at 4-week high as Premier expresses confidence in economic recovery
[ad_1] MAINLAND China stocks closed at a four-week high on Tuesday (Nov 5), after Chinese Premier Li Qiang expressed confidence in the country’s economic recovery, while recent data showed signs...
Tyre maker Michelin to close two French plants by 2026
[ad_1] MICHELIN will close two factories in France by early 2026 affecting about 1,200 jobs, the French tyre maker said on Tuesday (Nov 5), the latest cutback in an European...
Brokers’ take: Analysts get more bearish on Wilmar, cutting their price targets for the stock
[ad_1] ANALYSTS cut their price targets for Wilmar International on uncertainty in its China business, and after the company reported third-quarter earnings that showed net profit fell.The agribusiness group on...
Audi Group profit slumps on China weakness, plant restructuring
[ad_1] VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a plant restructuring in Brussels dragged on returns.
Operating...
China gives Morgan Stanley approval to launch local futures unit
[ad_1] MORGAN Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major US entrant in the derivatives market of...
Yen is first of many Japanese assets set to pivot on US election
[ad_1] A VICTORY for Kamala Harris in the US presidential election has the potential to support Japan’s ailing currency while a win for Donald Trump would probably boost the Tokyo...
