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New models help Renault maintain sales in third quarter
New models help Renault maintain sales in third quarter
Business and Economy
by  AFP

Renault said Thursday it managed to post an increase in third quarter revenue, weathering the overall slowdown in auto sales better than many rivals thanks in part to the introduction of new models. Overall revenue at the French carmaker edged 1.8 percent higher to 10.7 billion euros ($11.6 billion) in the third quarter, although auto sales dipped 0.5 percent to 9.3 billion.

Hermes bucks trend to post rising sales
Hermes bucks trend to post rising sales
Business and Economy
by  AFP

French luxury group Hermes posted Thursday a jump in third quarter sales, bucking the overall gloom in the sector caused by falling sales in China. China is the world's biggest spender in the luxury sector, accounting for half of global sales.