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ASOS eyes £15m hit from Brexit costs after ‘strong’ Christmas
ASOS, the online fashion retailer, has reported a surge in sales over the Christmas season amid coronavirus disruption to the high street but warned it expects a financial hit from Brexit-related costs ahead. The company said the strength of its performance over the four months to 31 December meant it now expected that profits would […]
Blackrock CEO: equity market has rallied but global economy still in descent
RIYADH (Reuters) – Blackrock Chief Executive Larry Fink on Thursday said the global economy remains in descent though equity markets have rallied considerably. He was speaking during an online conference. (Reporting by Marwa Rashad, writing by Alexander Cornwell;Editing by Elaine Hardcastle)
China says bilateral relationship with U.S. has experienced serious difficulties
BEIJING (Reuters) – China said Friday its relationship with the United States had experienced serious difficulties, but they should work in accordance with the consensus reached by the two countries’ leaders to push forward a stable bilateral relationship. Chinese Vice Foreign Minister Le Yucheng made the comment at a meeting with the U.S. special envoy […]