- Luxury jeweler Tiffany & Co reported a 5 percent fall in quarterly sales as a strong dollar discouraged tourists from spending in its U.S. stores and reduced the value of overseas sales.
Recent Business News
DRESDEN, Germany - Little more than a gentlemen's club in recent years, G7 finance ministers and central bankers have their work cut out this week to revive stuttering global growth and defuse tensions over China's claims to economic power.
LONDON - U.S. Treasury Secretary Jack Lew said on Wednesday he was worried that a miscalculation could lead to a new Greek crisis, which would be a mistake to think would have no consequence for the wider world.
LONDON - A string of reversals from sharp moves the previous day marked global financial market trading on Wednesday, with stocks and oil gaining ground and the U.S. dollar falling after its biggest rally in two years.
LONDON - Bankers at Goldman Sachs received the highest bonuses in London's banking industry this year but bonuses paid out by the top 10 banks were down overall compared to last year, a survey published on Wednesday showed.
LUXEMBOURG - A British referendum decision to leave the European Union would damage the country's business prospects, Lloyd's of London [LOL.UL] Chief Executive Inga Beale said in Luxembourg on Wednesday.