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British retailer Watches of Switzerland forecasts 6%-10% annual revenue growth

(Reuters) -British luxury retailer Watches of Switzerland on Thursday projected full-year revenue growth of 6% to 10%, after its U.S. business revenue surpassed the $1 billion mark for the first time, driven by strong consumer demand. The company posted adjusted operating profit of 150 million ...
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Santander’s bet on Britain with TSB deal shows banks’ need for scale

By Jesús Aguado, Andres Gonzalez and Amy-Jo Crowley MADRID/LONDON (Reuters) -Santander’s plan to buy TSB for 2.65 billion pounds ($3.61 billion) and boost its position in the UK came together only a few weeks ago, after the Spanish bank had been considering a possible exit ...
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Dubai’s booming restaurant scene is feeling the heat of high costs and high failure rates

DUBAI, United Arab Emirates (AP) — From suspended tables to underwater lounges, some 13,000 food and drink establishments in Dubai pull out all the stops to attract customers in one of the world’s most saturated dining markets. They cater to all tastes and budgets. ...
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Hong Kong retailers under strain as changing trends drive store closures

HONG KONG (Reuters) -Hong Kong’s retailers are battling against shifting consumer habits, as visitors spend less and locals head across the border to China for cheaper dining and shopping, leading to a wave of store closures. A 36-year-old Chinese seafood restaurant chain and a ...
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Asian shares mostly higher after US stocks hit another record as Tesla and Nike rally

MANILA, Philippines (AP) — Asian shares mostly gained on Thursday after U.S. stocks hit another all-time high. U.S. futures edged up while oil prices fell. Tokyo’s Nikkei 225 inched up 0.1% to 39,794.16. In South Korea, the Kospi added 1% to 3,106.46, while Australia’s S&P/ASX 200 ...
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South Korea’s leader says trade deal with US remains unclear ahead of Trump’s deadline

SEOUL, South Korea (AP) — South Korean President Lee Jae Myung said that it remained unclear whether Seoul and Washington could conclude their tariff negotiations by the deadline set by President Donald Trump for next week, noting Thursday that both nations were still working ...
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Why hosting a July Fourth pool party may cost less this year

NEW YORK (AP) — Americans have one more reason to celebrate this Fourth of July: getting all the gear needed to host a pool party costs less than it has in years, according to a market research company’s preliminary data. The total price to ...
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Analysis-Santander’s bet on Britain with TSB deal shows banks’ need for scale

By Jesús Aguado, Andres Gonzalez and Amy-Jo Crowley MADRID/LONDON (Reuters) -Santander’s plan to buy TSB for 2.65 billion pounds ($3.61 billion) and boost its position in the UK came together just a few weeks ago, after the Spanish bank had been weighing a possible exit ...
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Fed independence, US rule of law at risk, UBS reserve managers survey says

By Yoruk Bahceli LONDON (Reuters) -Two in three reserve managers fear Federal Reserve independence is at risk and nearly half think the rule of law in the United States may deteriorate enough to influence their asset allocation significantly, UBS Asset Management said in a survey ...
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Morning Bid: Trade optimism gives way to caution over US jobs

A look at the day ahead in European and global markets from Stella Qiu It’s been a pretty muted session in Asia and rightly so, given the high stakes in U.S. payrolls data due later in the day that could make or break the case ...
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Analysis-Japan’s yen is a compelling trade but comes at a cost

By Ankur Banerjee SINGAPORE (Reuters) -Global investors are unwinding their wagers on Japan’s yen rising quickly as a cautious central bank, a trade war and the prohibitive cost of holding the currency sour one of the year’s most popular trades. Most analysts and real money ...
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How a GOP rift over tech regulation doomed a ban on state AI laws in Trump’s tax bill

NEW YORK (AP) — A controversial bid to deter states from regulating artificial intelligence for a decade seemed on its way to passing as the Republican tax cut and spending bill championed by President Donald Trump worked its way through the U.S. Senate. But as ...
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