Business and Economy

Business and Economy Latest News

Mideast crisis and weak growth weigh on Asian markets
Mideast crisis and weak growth weigh on Asian markets
by  AFP

Asian markets recovered ground on Tuesday with traders weighed down by unpredictability over the ongoing crisis in the Middle East and key earnings and economic data releases expected later in the week. "The rise of the 10-year US bond yield and worries that the Middle East situation may deteriorate continued to weigh on the Tokyo market," Nomura Securities said.

Hermes bags sales growth except in Asia
Hermes bags sales growth except in Asia
by  AFP

French luxury group Hermes, known for its leather bags and silk scarves, on Tuesday said it continued to see sales growth in the third quarter despite a dip in Asia. Sales in Asia outside Japan dipped 0.1 percent in the third quarter, but the company said this is partially due to an exceptional performance last year due to Covid restrictions being lifted in China setting off a surge in spending.

Energy

Money

Industry

Technology

Economy