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Shein quarterly profit falls 67% as costs jump, Europe sales slump

Shein quarterly profit falls 67% as costs jump, Europe sales slump

By Helen Reid Sept 28 (Reuters) - Fast-fashion platform Shein reported plunging profit and sliding European sales on Monday in its first results as a public company, feeding investor worries over margin pressure and slowing growth.

Oil falls as investors focus on Middle East supply

Oil falls as investors focus on Middle East supply

By Shadia Nasralla LONDON, Sept 29 (Reuters) - Oil prices declined on Tuesday as investors focused on signs of recovering crude exports from the region and lingering concern over Middle East supply disruption brought about by the US-Israeli war on Iran.

Oil prices fall on signs Middle East crude flows recovering

Oil prices fall on signs Middle East crude flows recovering

By Arathy Somasekhar HOUSTON, Sept 29 (Reuters) - Oil prices declined on Tuesday as investors focused on signs of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in the region stemming from the US-Israeli war on Iran.

Target lowers prices on nearly 2,000 items ahead of holiday season

Target lowers prices on nearly 2,000 items ahead of holiday season

Sept 29 (Reuters) - Target said on Tuesday it is lowering prices on nearly 2,000 home items, apparel and accessories, to attract cash-strapped shoppers ahead of the all-important holiday season.

Oil steadies on investors focus on Middle East supply

Oil steadies on investors focus on Middle East supply

By Shadia Nasralla LONDON, Sept 29 (Reuters) - Oil prices were steady on Tuesday as investors focused on lingering concern over Middle East supply disruption brought about by the US-Israeli war on Iran and signs of recovering crude exports from the region.

Conagra sales volumes dip as new CEO Brase grapples with inflation pressures

Conagra sales volumes dip as new CEO Brase grapples with inflation pressures

Sept 30 (Reuters) - Conagra Brands posted a volume-led decline in first-quarter organic net sales on Wednesday, with high inflation and price-sensitive consumers hampering new CEO John Brase's efforts to turn around the packaged foods maker.

Oil prices settle down 2.5% on signs Middle East exports recovering

Oil prices settle down 2.5% on signs Middle East exports recovering

By Arathy Somasekhar HOUSTON, Sept 29 (Reuters) - Oil prices settled 2.5% lower on Tuesday as investors focused on signs of recovering crude exports from the Middle East, although prices headed for monthly gains on lingering concern about supply disruptions during the US-Israeli war on Iran.

Mattel taps Condé Nast's Lynch as CEO Kreiz, who led brand revival, departs

By Neil J Kanatt Sept 30 (Reuters) - Mattel's longtime CEO Ynon Kreiz, who led the strategy to transform the struggling toymaker into an entertainment company, is leaving, handing over the reins to board member and CEO of media company Condé Nast, Roger Lynch.

Oil prices rise on continued Middle East supply concerns

Oil prices rise on continued Middle East supply concerns

By Shadia Nasralla LONDON, Sept 29 (Reuters) - Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by the US-Israeli war on Iran outweighed signs of recovering crude exports from the region.

STOXX 600 rises on tech strength; oil and bond yields remain a drag

STOXX 600 rises on tech strength; oil and bond yields remain a drag

By Sudeshna Ghoshal Sept 29 (Reuters) - European shares climbed on Tuesday, supported by technology stocks, although higher crude prices and elevated bond yields capped broader gains. The pan-European STOXX 600 was up 0.3% at 640.28 points by 0830 GMT.

Tata leadership transition, IPO unlikely to impact ratings, S&P Global says

Tata leadership transition, IPO unlikely to impact ratings, S&P Global says

Sept 29 (Reuters) - Potential leadership transition and listing of Tata Sons would not immediately affect the ratings of the companies in the salt-to-software conglomerate, S&P Global said on Tuesday, saying that changes to the financial policies are likely to be gradual.

Shein reports sharp drop in Europe sales after price hikes

Shein reports sharp drop in Europe sales after price hikes

Sept 28 (Reuters) - Fast-fashion platform Shein reported a sharp drop in sales in Europe in the second quarter after it hiked prices and cut online advertising in anticipation of the European Union imposing fees on low-value e-commerce parcels from July 1.