By Elisa AnzolinMILAN (Reuters) - An acquisition of Versace by Italian luxury group Prada (OTC:PRDSY) would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit short-term profits.Prada is seeking to expand after posting strong organic sales growth in the last nine months of 2024 despite a slowdown in demand, while ...
Investing.com – Australia stocks were lower after the close on Tuesday, as losses in the Energy, Utilities and Resources sectors led shares lower.At the close in Sydney, the S&P/ASX 200 declined 0.58%.The best performers of the session on the S&P/ASX 200 were Lynas Rare Earths Ltd (ASX:LYC), which rose 2.91% or 0.20 points to trade at 7.07 at the close. Meanwhile, Healius Ltd (ASX:HLS) a ...
By David Lawder and Andrea ShalalWASHINGTON (Reuters) -U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, launching new trade conflicts with the top three U.S. trading partners.The tariff actions, which could upend nearly $2.2 trillion in two-way annual U.S. trade went live at 12:01 a.m. ...
Investing.com – Taiwan stocks were lower after the close on Tuesday, as losses in the , Electronic Parts/Components and Machinery sectors led shares lower.At the close in Taiwan, the Taiwan Weighted fell 1.29%.The best performers of the session on the Taiwan Weighted were Tsann Kuen Enterprise Co Ltd (TW:2430), which rose 9.98% or 3.00 points to trade at 33.05 at the close. Meanwhile, Voltronic ...