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Cartier-owner Richemont says China sales tumble 27%
Cartier-owner Richemont says China sales tumble 27%
by  AFP

Cartier-owner Richemont said Tuesday its quarterly sales in China tumbled by 27 percent as the deepening economic malaise in the world's second-largest economy lashes luxury firms. China has become a key market for luxury firms in recent years thanks not only to its rising ranks of millionaires but also the swelling middle class.

Division trumps unity in US election rhetoric
Division trumps unity in US election rhetoric
by  AFP

Donald Trump and Joe Biden have both stressed "unity" in the wake of the stunning assassination attempt on the Republican presidential contender, but any shift to a more civil political discourse is likely to be short-lived.

Asian traders struggle to match Wall St record as Trump odds grow
Asian traders struggle to match Wall St record as Trump odds grow
by  AFP

Asian markets fluctuated Tuesday as rising expectations that Donald Trump will return to the White House played up against fresh hopes that the Federal Reserve will cut interest rates at least once this year. The dovish comments over the past week have sent bets on a September rate cut soaring, while some traders are eyeing as many as three by the end of the year.

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