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Swiss army knife maker Victorinox considers production shift to ease U.S. tariffs

BERLIN (Reuters) -Victorinox, maker of Swiss army knives, is considering moving part of its production to the United States to lessen the impact of import tariffs on its business, the company’s CEO told German business magazine WirtschaftsWoche. “We are looking into carrying out directly on ...
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Morning Bid: Caution on Ukraine, eyes on Jackson Hole

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Subdued world markets eyed proposals for a Ukraine-Russia summit with caution, while updates on the shaky U.S. housing market on Tuesday and ...
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Home Depot misses quarterly estimates on muted demand for big-ticket projects

(Corrects spelling in paragraph 10) (Reuters) -Home Depot missed analysts’ estimates for second-quarter sales and profit on Tuesday, as price-conscious homeowners reined in spending on large-scale renovations and focused on do-it-yourself projects.    The top U.S. home-improvement chain’s results kick off a busy earnings week for ...
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Facing Trump tariffs, India’s shrimp farmers consider switching to other businesses

By Rishika Sadam HYDERABAD, India/GUAYAQUIL, Ecuador (Reuters) -On India’s southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump’s 50% tariff threat is forcing many to consider ...
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Medtronic says will add two independent directors after Elliott takes large stake

(Reuters) -Medtronic said on Tuesday it would add two new directors to its board and form new committees after Elliott Investment Management became one of its largest shareholders. Shares of the medical-device maker gained 2.4% in premarket trading and the stock has risen more ...
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China’s Pop Mart, maker of the Labubu doll, says profit soars nearly 400% in first half

SHANGHAI (Reuters) -China’s Pop Mart, which has taken the world by storm with its ugly-cute Labubu doll, reported a nearly 400% first-half net profit on Tuesday on high demand for the toys and a shift towards higher-margin overseas markets. Net profit of 396.5% and a ...
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Shein weighs China relocation to ease path for Hong Kong IPO, Bloomberg News reports

(Reuters) -Fast-fashion retailer Shein Group has considered relocating its headquarters back to China in an effort to gain Beijing authorities’ approval for its planned Hong Kong IPO, Bloomberg News reported on Tuesday, citing sources. Singapore-headquartered Shein has consulted lawyers on setting up a parent ...
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Asia shares dip before Fed gathering; European futures up on Ukraine summit hopes

By Rocky Swift TOKYO (Reuters) -Stocks in Asia and oil prices edged lower on Tuesday before a key meeting of central bankers and as traders evaluated promising diplomatic signals toward ending hostilities between Russia and Ukraine. European equity futures posted modest gains after Ukrainian President Volodymyr ...
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Dollar bides times as markets brace for Ukraine summit

By Gregor Stuart Hunter SINGAPORE (Reuters) -The U.S. dollar held steady against its major peers on Tuesday as global markets awaited the outcome of a White House summit with European nations that could determine the next phase of the war in Ukraine. ...
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Australia Aug consumer sentiment boosted by rate cuts

SYDNEY (Reuters) -A measure of Australian consumer sentiment improved sharply in August as the third cut in interest rates this year bolstered the outlook for finances and the economy, a survey showed on Tuesday. A Westpac-Melbourne Institute survey showed its main index of consumer sentiment ...
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Brazil challenges legitimacy of US trade probe, urges dialogue

BRASILIA/SAO PAULO (Reuters) -Brazil submitted its formal response to a U.S. trade investigation on Monday, rejecting the allegations while challenging the legitimacy of the probe itself. While calling for “constructive dialogue,” the Brazilian government stated that it does not recognize Washington’s authority to launch ...
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Tesla starts taking orders for its new Model Y L in China from around $47,200

BEIJING (Reuters) -Tesla Inc started accepting orders for its new Model Y L in China on Tuesday with a starting price of 339,000 yuan ($47,184), its website showed, as it refreshes its line-up in the world’s largest auto market to battle growing competition. Tesla ...
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