Monday 25 November 2019

Calvin Klein-owner PVH Corp raises FY profit outlook on strong demand in Europe

Calvin Klein-owner PVH Corp raises FY profit outlook on strong demand in Europe

PVH Corp raised full-year adjusted profit forecast on Monday after its third-quarter results beat Wall Street expectations, powered by higher demand for its Calvin Klein and Tommy Hilfiger apparel in Europe.

House Democrats see progress on U.S.-Mexico-Canada trade deal, passage possible this year

U.S. House Democrats said on Thursday they ironed out some differences with the White House over a trade agreement with Canada and Mexico, and Congress could still vote on the deal - one of President Donald Trump's top priorities - this year.

Pelosi says progress was made on USMCA in meeting with Lighthizer

U.S. House Speaker Nancy Pelosi said on Thursday that progress was made on the U.S.-Mexico-Canada trade pact in a meeting she held with U.S. Trade Representative Robert Lighthizer and Richard Neal, the chairman of the House Ways and Means Committee.

World share markets rally on revived trade hopes; dollar gains

The dollar rose and global equity markets rallied on Monday, with the Nasdaq and S&P 500 hitting new highs as investors grew more hopeful the United States and China could soon sign an interim deal to end their trade war.

Westpac CEO steps down as money-laundering scandal rocks second-biggest Australian bank

Westpac Banking Corp on Tuesday said Chief Executive Brian Hartzer will be stepping down, as Australia's second-biggest bank faces the country's biggest money-laundering scandal. Chief Financial Officer Peter King will be taking over as acting CEO, effective Dec. 2.

Going whole hog: U.S. tells exporters to report pig carcass sales as China buying soars

The U.S. Department of Agriculture said on Monday that commodity exporters must disclose sales of hog carcasses, giving officials and traders more insight into a surge of Chinese pork buying that has roiled global meat markets.

Wall Street sets records on trade progress optimism

Each of Wall Street's three major averages kicked off the trading week by closing at records on Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy sentiment.

How LVMH's whirlwind courtship sealed $16 billion Tiffany deal

Tiffany was codenamed "Tea" and LVMH was "Latte" in the whirlwind talks that led to the U.S. jeweler being taken over by the French luxury group for more than $16 billion, in a homage to famed film "Breakfast at Tiffany's".

DHL to debut zero-emission electric delivery vans in U.S. cities

Deutsche Post DHL Group's StreetScooter electric vehicle unit will enter the U.S. market next year as delivery firms and municipalities work to cut greenhouse gas emissions.

Exclusive: Impossible Foods eyes doubling valuation with new funding

Impossible Foods Inc, maker of the plant-based Impossible Burger, is in talks with investors about a new round of fundraising that could more than double the $2 billion valuation it attained in May, according to people familiar with the matter.

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