PARIS (Reuters) -Gucci-owner Kering (EPA:PRTP) has seen a stark decline of demand for its luxury and fashion goods in the United States, its Chief Executive Francois-Henri Pinault told French senators at a parliamentary hearing on Tuesday. "The drop in consumption, which has been going on for several weeks now, is quite strong", Pinault said. Kering last month reported weak first-quarter sales ...
By Tom Polansek CHICAGO (Reuters) - A surprising tariff pause between Beijing and Washington will not help U.S. farmers revive soy sales in China without additional concessions, producers said, because top-supplier Brazil still has a competitive price advantage. Under the truce announced on Monday, the United States will cut extra tariffs it imposed on Chinese imports to 30% from 145% for the next ...
Investing.com -- Moody’s Ratings has upgraded Essential Properties, L.P.’s issuer rating and backed senior unsecured rating to Baa2 from Baa3. The backed senior unsecured shelf rating was also revised to (P)Baa2 from (P)Baa3. The outlook for Essential Properties, a real estate investment trust (REIT), has been revised to stable from positive.The ratings upgrade comes in response to the signifi ...
Investing.com - European equity indices traded in a mixed fashion Tuesday, steadying after the optimism generated by the U.S.-China trade deal as investors studied more corporate earnings and economic data.The DAX index in Germany closed 0.4% higher, while the CAC 40 in France gained 0.3% lower, and the FTSE 100 in the U.K. fell 0.1%. U.K. jobs market cools furtherThe news of a trade deal bet ...