Burberry rejects multiple takeover offers from Coach: Financial Times
British luxury fashion brand Burberry has rejected multiple takeover offers from U.S. handbag maker Coach Inc , the Financial Times reported on Sunday.
NEW YORK The Federal Reserve is better prepared for a possible U.S. government default now than the last debt-ceiling scare in 2011, a top central banker said on Tuesday.
"I'm more confident that we, my colleagues and I, are better prepared than we were in 2011," Dallas Fed President Richard Fisher told Reuters, citing an "informational feeling."
Fisher added he expects U.S. economic data to be "sloppy" for a couple more months due to the partial government shutdown.
(Reporting by Jonathan Spicer, Ann Saphir and Pedro da Costa; Editing by Nick Zieminski)
TOKYO Japan's Panasonic Corp is in talks to buy European automotive light maker ZKW Group, accelerating its push into the automotive electronics market, a person familiar with the matter said.
SHANGHAI/BEIJING China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents - a welcome boost for the world's luxury brands.