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.
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 [...]
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.
US stocks Tuesday rose decisively as investors bet that the Federal Reserve will stay the course the next day on its economic stimulus policy.
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.
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.
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.
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.
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.
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.
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.
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.
