
Hermes, the select handbag and scarf maker, accused luxury conglomerate LVMH of carrying out the “most important fraud in the history of the French stock market” in a court filing, as quoted in the Les Echos newspaper on Wednesday.
Posted: June 19th, 2013 in Latest Business Stories | Read More »

HONG KONG—Asian markets were mixed on Wednesday, with attention turning to the US Federal Reserve’s policy meeting, while Tokyo enjoyed another rally thanks to a weaker yen and data showing a surge in exports. Wall Street again provided a healthy cue, with investors betting the Fed will stop short of reeling in its “quantitative [...]
Posted: June 19th, 2013 in Latest Business Stories,Photos & Videos,Stocks | Read More »

Japan’s trade deficit for May expanded 9.5 percent from a year earlier to $10.4 billion, official data showed Wednesday as import costs rose on a weak yen.
Posted: June 19th, 2013 in Latest Business Stories | Read More »

US stocks Tuesday rose decisively as investors bet that the Federal Reserve will stay the course the next day on its economic stimulus policy.
Posted: June 19th, 2013 in Latest Business Stories | Read More »

Asian markets were mixed on Tuesday, with traders sitting on the sidelines as they await the US Federal Reserve’s plans for its stimulus program.
Posted: June 18th, 2013 in Latest Business Stories | Read More »

Foreign direct investment into Arab states rose by 9.8 percent last year despite unrest in some of them but remained well below its level in 2010, when the Arab Spring, a report said on Tuesday.
Posted: June 18th, 2013 in Latest Business Stories | Read More »

US stocks surged Monday a day before the Federal Reserve begins meeting to review monetary policy, and expectations mounted that it will make no sharp changes to its economic stimulus.
Posted: June 18th, 2013 in Latest Business Stories | Read More »

Asian markets were mixed Monday despite a weak batch of US economic data boosting hopes that the Federal Reserve would put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week.
Posted: June 17th, 2013 in Latest Business Stories | Read More »

US stocks scored solid gains in opening trade Monday, rebounding from Friday’s sell-off ahead of the Federal Reserve monetary policy meeting this week.
Posted: June 17th, 2013 in Latest Business Stories | Read More »

Oil prices eased in Asian trading hours Monday as investors took profits following last week’s rally triggered by concerns over rising tensions in the Middle East, analysts said.
Posted: June 17th, 2013 in Latest Business Stories | Read More »

Hong Kong stocks rose 0.94 percent on bargain-buying at the open Friday following the previous day’s sell-off, while a Wall Street rally also provided support.
Posted: June 14th, 2013 in Latest Business Stories | Read More »

Migration from countries worst affected by the global financial crisis has jumped by almost half since 2009, despite a dwindling number of jobs in host nations, the OECD said in a report on Thursday.
Posted: June 14th, 2013 in Latest Business Stories | Read More »