LVMH shares edge higher as sales and profits rise
LVMH’s (LVMH.PA) shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.
Asia equities tick up, as investors look to the U.S.
Asian equity markets rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Federal Reservemeets on policy this week.
Amazon eyes potential stake in Indian film, media businesses; Inox denies report
Amazon.com Inc’s (AMZN.O) India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd (INOL.NS) for a potential stake, the Indian Express newspaper reported on Tuesday, citing sources.
EXCLUSIVE BHP delivers final offer to workers at Chile’s Escondida copper mine -memo
Labor contract negotiation at Chile’s Escondida mine, the world’s largest copper deposit, entered into a critical phase on Monday with the delivery of a final offer by operator BHP (BHP.AX), according to an internal memo sent by the company to workers and seen by Reuters.
China jitters pull Asian stocks to seven-month low
Asia’s stock markets fell to fresh troughs on Tuesday led by a third straight session of heavy selling in Chinese internet giants, while bond and currency markets traded on edge ahead of the Federal Reserve policy meeting.
Analysis: Law without order: investors grapple with China’s regulatory risk
Western investors are wrestling with the risks of investing in U.S. listed stocks of Chinese companies after Beijing embarked on a regulatory crackdown on large swathes of its economy, from the internet sector to private tutoring.
Analysis: U.S. manufacturers take a double hit from labor and materials
Calder Brothers Corp is under pressure to raise wages after rivals lured away some of its workers. A few others were also considering jumping ship, but co-owner Glen Calder said the South Carolina-based construction machinery company managed to persuade them to stay by promising a better career.
Analysis: Tesla’s plans for batteries, China scrutinized as Musk drops features
Tesla Inc (TSLA.O) has weathered the pandemic and supply chain crisis better than many of its rivals, achieving record deliveries last quarter. But Chief Executive Elon Musk faces pressure to deliver on breakthrough batteries and new factories and models, which are late.
Monopoly-maker Hasbro revenue surges as TV, film business bounces back
Toymaker Hasbro Inc (HAS.O) posted a better-than-expected 54% jump in quarterly revenue, helped by rising demand for its “Dungeons & Dragons” tabletop game, while its film and television production unit rebounded after a year of pandemic-led shutdowns.
Everybody take the week off, Wall Street firm tells staff
No calls, no emails and no meetings.
