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Business

“Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands”

“Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. The rare profit warning forecasts overall group revenues to drop 10%… Continue Reading…

Economy, Stocks

“Indian shares close higher, shrugging off weakness in Asia, Europe”

“Indian shares closed higher on Thursday, in contrast to weakness in Asian and European equities, bucking concerns around an escalating Sino-U.S. trade conflict and rising odds of further policy tightening by the U.S. Federal Reserve. The Nifty 50 index settled… Continue Reading…

Business

“Most Adani shares continue bloodbath as Asia’s richest man loses $28 billion in a month”

“Founder Gautam Adani, the richest man in Asia and once second only to Elon Musk, fell out of the world’s top five richest to seventh place on the Bloomberg’s Billionaire Index. His net worth fell $27.9 billion year-to-date, the index… Continue Reading…