Finance

China’s top leaders vow to better manage capacity in key industries, state media reports

China’s top leaders vow to better manage capacity in key industries, state media reports

BEIJING (Reuters) -China’s top leaders pledged to manage disorderly competition among enterprises and improve capacity management in key industries in the second half of this year, state me...

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Rio Tinto posts smallest first-half profit in five years

Rio Tinto posts smallest first-half profit in five years

(Reuters) -Rio Tinto reported its smallest first-half underlying profit in five years on Wednesday, as iron ore prices remained subdued due to oversupply concerns and soft China demand, offsettin...

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Hermes sales rise, with U.S. prices rising 5% more than elsewhere

Hermes sales rise, with U.S. prices rising 5% more than elsewhere

PARIS (Reuters) -Birkin bag maker Hermes outpaced rivals with a 9% rise in quarterly sales, showing the continued appetite from rich shoppers for its coveted, $10,000 handbags. The company said i...

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US and China prepare to extend tariff pause after Stockholm talks

US and China prepare to extend tariff pause after Stockholm talks

The United States and China have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm concluded on Tuesday, according to Beijing’s lead ...

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Capgemini narrows full-year guidance as it heads into uncertain third-quarter

Capgemini narrows full-year guidance as it heads into uncertain third-quarter

(Reuters) -French IT consulting firm Capgemini narrowed its guidance for the current financial year on Wednesday, citing caution in an uncertain economic context despite a resilient performance i...

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Asian shares are mostly higher after China-US talks end without a trade deal

Asian shares are mostly higher after China-US talks end without a trade deal

BANGKOK (AP) — Shares in Asia were mostly higher on Wednesday after the U.S. and China ended their latest round of trade talks without a deal. U.S, futures edged higher while oil prices slipped. ...

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