PARIS: Chanel clocked up sales of nearly €10 billion (US$11.1 billion) in its final year under the late designer Karl Lagerfeld, the French label said Monday (Jun 17). The notoriously secretive brand owned by the Wertheimer family, which has only reported its results publicly twice in its 109-year ...
CALIFORNIA: The US arm of HSBC Holdings announced plans on Monday (Jun 17) to expand its branch network by around a quarter as it opened a new location in Apple's home town of Cupertino, California. The move by Europe's biggest lender by assets comes as it plans a broader strategic...
LONDON: Britain and China began selling shares in each others' companies on Monday (Jun 17) under a landmark deal, Britain's Treasury announced, as London looks to remain a leading financial centre post-Brexit. The launch of the London-Shanghai Stock Connect marks "the first time that any foreign ...
SINGAPORE: A new guide has been launched to help companies better integrate those with special needs in the workplace. The Job Redesign Guide for Inclusive Employers was developed by SG Enable, in collaboration with the Ministry of Manpower. The 29-page guide provides information on what job ...
MUMBAI: Lenders to crippled Jet Airways said Monday (Jun 17) they would start bankruptcy court proceedings after failing to find someone to take over the Indian carrier. Once India's biggest private airline, Jet stopped operating in April after it ran out of cash and its planes were grounded ......
Citigroup Inc said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit.
Accounting firm KPMG LLC has admitted to using stolen information to alter some of its previous audit work and cheating on training exams, and agreed to pay a US$50 million penalty, the Securities and Exchange Commission said on Monday.
Hundreds of U.S. businesses from local bridal shops to multi-billion dollar retailers have submitted comments to the U.S. Trade Representative's Office opposing President Donald Trump's plan to slap tariffs on another US$300 billion of Chinese imports.
Art auction house Sotheby's said on Monday it would be taken private for US$2.66 billion by a company owned by Altice Europe founder Patrick Drahi.
Silicon Valley billionaire Elon Musk tweeted https://twitter.com/elonmusk/status/1140481957341495296 late on Sunday that he had "just deleted" his Twitter account, while also changing his Twitter display name to "Daddy DotCom".