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Birkin bag maker Hermes posts 7% rise in quarterly sales

Birkin bag maker Hermes posts 7% rise in quarterly sales

By Dominique Patton PARIS, July 29 (Reuters) - French luxury group Hermes reported a slight acceleration in growth in the second quarter on Wednesday, as the impact from the Middle East conflict eased and tourism recovered in France.
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LVMH sales tick up as US luxury demand offsets hit from Iran war

LVMH sales tick up as US luxury demand offsets hit from Iran war

By Dominique Patton PARIS, July 27 (Reuters) - Sales at luxury giant LVMH edged higher in the second quarter as strong demand from affluent U.S. shoppers helped offset weaker spending in Europe, where tourism has been hit by the Iran war.
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SMCP Reports Modest Sales Growth Amid Strategic Store Closures

SMCP Reports Modest Sales Growth Amid Strategic Store Closures

SMCP Reports Modest Sales Growth Amid Strategic Store Closures
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Birkin bag maker Hermes delivers modest sales improvement

Birkin bag maker Hermes delivers modest sales improvement

By Dominique Patton PARIS, July 29 (Reuters) - Hermes reported a slight acceleration in growth in the second quarter on Wednesday, as the impact from the Middle East conflict eased and tourism recovered in France.
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World shares are mixed and South Korea's Kospi share index falls 6%, while oil prices surge

World shares are mixed and South Korea's Kospi share index falls 6%, while oil prices surge

Shares in Europe and Asia are mixed, while South Korea’s Kospi share index fell 6% in another bout of selling of chipmaking shares
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Logitech beats forecasts after US tariff refund

Logitech beats forecasts after US tariff refund

By John Revill ZURICH, July 28 (Reuters) - Logitech International reported better-than-expected quarterly sales and profit on Tuesday, helped by a big refund of tariffs imposed under U.S. President Donald Trump.
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European shares inch up as earnings boost counters banks, tech slide

European shares inch up as earnings boost counters banks, tech slide

By Purvi Agarwal and Tharuniyaa Lakshmi July 28 (Reuters) - European shares rose for a third day on Tuesday, led by consumer-focused stocks after strong results from Unilever, which helped offset declines in heavyweight banks and technology shares.
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Mercedes-Benz Reports 13% Profit Increase Amid Decline in Vehicle Sales

Mercedes-Benz Reports 13% Profit Increase Amid Decline in Vehicle Sales

Mercedes-Benz Reports 13% Profit Increase Amid Decline in Vehicle Sales
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US markets mixed ahead of Fed decision and oil prices jump as Middle East violence flares

US markets mixed ahead of Fed decision and oil prices jump as Middle East violence flares

Markets on Wall Street were mixed before the opening bell and oil prices jumped more than 4% after Jordan and the U.S. knocked down another Iranian barrage launched against American forces in the Middle East
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European shares subdued as earnings boost counters tech slide

European shares subdued as earnings boost counters tech slide

July 28 (Reuters) - European shares were subdued on Tuesday as a global selloff in technology stocks was balanced by earnings-driven gains in luxury and consumer stocks, with lower oil prices lending additional support. The pan-European STOXX 600 index held its ground at 645.32, as of 0703 GMT.
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Oil prices sink nearly 7% and world shares gain as Chinese chipmaker CXMT soars in Shanghai debut

Oil prices sink nearly 7% and world shares gain as Chinese chipmaker CXMT soars in Shanghai debut

Shares are mostly higher in Europe and Asia and oil prices have plunged nearly 7% after the U.S. and Iran paused their attacks while work resumed on a possible resumption of negotiations to end the war
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Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO

Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO

By Yantoultra Ngui, Selena Li and Liz Lee SINGAPORE/BEIJING, July 26 (Reuters) - Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a hefty one-time accounting charge, the online retailer's pre-IPO financial filings