By Tassilo Hummel and Waylon CunninghamALVARADO, Texas / PARIS (Reuters) -Six years ago, LVMH’s billionaire CEO Bernard Arnault and President Donald Trump cut the blue ribbon on a factory in rural Texas that would make designer handbags for Louis Vuitton, one of the world’s best-known luxury brands.But since the high-profile opening, the factory has faced a host of problems limiting production ...
BERLIN (Reuters) - Porsche has shipped added inventory to the United States to get ahead of tariffs and kept prices constant for orders made in March, executives told analysts and investors in a call on Wednesday, according to a note by Bernstein Research.The luxury carmaker expected an operating margin below its annual guidance of 10-12%, the note said, adding that this margin also did not accoun ...
By Philip Blenkinsop, Joe Cash and Andrea ShalalBRUSSELS/BEIJING/WASHINGTON (Reuters) -The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties less than a day after imposing them on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday.The Trump administration is weighing offers fr ...
By Naomi Rovnick, Harry Robertson and Sinead CruiseLONDON (Reuters) -The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies.With U.S. Treasuries nursing huge losses on Wednesday - the strongest sign yet that stress is im ...