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Shares of Kering SA nosedived nearly 13% on Friday after the luxury fashion house announced Demna Gvasalia as the new artistic director of Gucci. The move marks a bold shift for the struggling brand, which has faced slumping sales and declining demand in key markets like China. Demna, widely recognized for his disruptive aesthetic at […]

• March 14, 2025 02:23 AM PDT
• Invezz

The 10-year Treasury yield edged higher as markets awaited next week’s Federal Reserve policy meeting. Continue Reading View Comments

• March 14, 2025 02:14 AM PDT
• EODHD

(Reuters) - Australia's Westpac Banking Corp has reached an A$130 million ($81.84 million) settlement on a class action lawsuit against the lender over commissions paid to auto dealers over five years...

• March 14, 2025 01:15 AM PDT
• EODHD

The US-EU trade dispute has intensified, with US President Donald Trump threatening to impose a 200% tariff on European wine, cognac, and other alcohol imports. This move comes in response to the European Union’s (EU) plan to raise tariffs on American whiskey and other products next month—a retaliatory measure against the US 25% tariffs on […]

• March 14, 2025 12:01 AM PDT
• Invezz

The US government is set to vacate nearly 800 federal office spaces across the country in a drastic cost-cutting effort led by Elon Musk’s Department of Government Efficiency (DOGE). Internal documents from the General Services Administration (GSA) reveal that hundreds of lease cancellations will take effect by mid-year, forcing agencies to either relocate, downsize, or […]

• March 13, 2025 11:55 PM PDT
• Invezz

UK Prime Minister Keir Starmer has announced plans to dismantle NHS England, shifting its operations back under direct government control. The move aims to streamline the healthcare system, reduce administrative overheads, and prioritise patient care. Starmer, speaking during a visit to East Yorkshire, said the restructuring would ensure the NHS is “at the heart of […]

• March 13, 2025 11:46 PM PDT
• Invezz

Asian markets mostly gained on Friday, showing resilience despite a sharp sell-off on Wall Street triggered by fresh tariff threats from US President Donald Trump. Investors in the region reacted to economic data, central bank signals, and rising gold prices, which helped lift sentiment across key indices. Meanwhile, Australian miners surged as gold prices hit […]

• March 13, 2025 10:57 PM PDT
• Invezz

Trade sources revealed on Thursday that Saudi Arabia, the world’s largest oil exporter, is expected to see a significant decrease in its crude oil shipments to China in April, according to a Reuters report. The decline is attributed partly to scheduled maintenance at Chinese refineries owned by Sinopec, China’s state-owned oil and gas company.  This […]

• March 13, 2025 10:32 PM PDT
• Invezz

The cocoa market is expected to return to surplus, pushing prices down from recent peaks. “While we believe prices have further room to move lower, the market is facing supply risks. In addition, low stocks mean prices will likely remain volatile,” Warren Patterson, head of commodities strategy at ING Group, said in a report. Cocoa […]

• March 13, 2025 10:26 PM PDT
• Invezz

Alibaba stock price has bounced back this year, soaring to its highest level since November 2021. BABA rose to a high of $140 in New York, and is beating other technology companies like Amazon and Alphabet. It has jumped by over 110% from its lowest level in 2024 and is the best-performing Hang Seng index […]

• March 13, 2025 10:05 PM PDT
• Invezz