Customers enter a Sephora store in New York City on Wednesday. Reuters
Euro zone stocks surged on Wednesday as investors piled into firms with big dividends on hopes European Central Bank chief nominee Christine Lagarde will maintain the ECB’s dovish stance, while Italian shares jumped over 2% on avoiding a EU sanction threat. The blue-chip eurozone STOXX index
PARIS: Airbus on Wednesday posted stronger-than-expected core second-quarter earnings, led by the switch to efficient new single-aisle jets, and maintained its profit forecast for the year while warning of delivery challenges in the second half. Europe’s largest aerospace group said second-quarter adjusted
Fast-growing insurer FWD is seeking to launch operations in China ahead of any initial public offering (IPO) and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the region’s insurance sector. FWD, controlled by Richard Li, the entrepreneur and son of
ZURICH: ABB is pressing ahead with a review of its underperforming businesses and expects a customer slowdown and China-US trade tensions to mean a turbulent year, its Chairman and interim Chief Executive Peter Voser told Reuters. The Swiss engineering company is in a “heavy-lifting phase”, Voser said, completing the separation
On the occasion of Women’s Entrepreneurship Day, observed on Nov.19 annually, the Sharjah Business Women Council (SBWC), an affiliate of NAMA Women Advancement Establishment (NAMA),
The UAE and Nepal share decades old diplomatic ties but the two countries have not yet achieved the optimum advantage, the bilateral relations offer to investors, said Deputy Prime Minister and Defense Minister of Nepal Ishwar Pokharel.
A sharp fall in import of petroleum products reduced India’s October merchandise trade deficit to $11.01 billion from $18 billion reported for the corresponding period of 2018.