Fuelled by surging demand in China, luxury goods makers are bucking the global economic slowdown and reaping huge profits on sales of high-end handbags, expensive jewellery and posh perfumes.
July 31, 2012
July 30, 2012
Analysis: Apple sounds warning bell for smartphone industry
(Reuters) - If Apple Inc's weaker-than-expected quarterly result is anything to go by, the global smartphone industry is a lot more vulnerable to economic shocks these days than during the 2008-2009 financial crisis.
July 28, 2012
Spanish firms cut prices, halt dividends to face downturn
Telefonica suspends dividend payments, Mango cuts prices and Santander boosts its debt provisions: Spanish companies are stepping up measures against an economic crisis that has no end in sight.
July 27, 2012
Peugeot to make deeper cuts after 819m euro loss
Struggling French car firm Peugeot has reported a loss of 819m euros (£638m) for the first half of the year and has detailed 1.5bn euros of cost savings.
July 26, 2012
Rosneft considers buying BP's stake in TNK-BP
Russian state oil company Rosneft has followed Russian consortium AAR saying it is considering buying BP's stake in Anglo-Russian oil firm TNK-BP.
July 25, 2012
China slowdown to hit German luxury car makers
FRANKFURT: Investors are bracing themselves for what could be the end of the Chinese boom for Europe's luxury car makers as double-digit profit margins are threatened by slowing growth in the world's second-largest economy.
July 24, 2012
McDonald's showing signs of tear from economy
NEW YORK (AP) — McDonald's Corp., which has thrived in recent years by emphasizing affordability and rolling out popular new menu items, is starting to show signs of tear from the volatile global economy.
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