MILAN – Solid growth in its e-commerce channel, which climbed 62 percent, and a brisk retail performance in Mainland China helped Valentino weather the impact of the COVID-19 pandemic last year, which drove revenues down 28 percent. In the 12 months ended Dec. 31, the Rome-based couture house reported sales of 882 million euros, compared […]
By John Revill ZURICH (Reuters) – The Swiss National Bank plans to pay out 2 billion Swiss francs ($2.05 billion) — and possibly more — to Switzerland’s federal and cantonal governments after swinging to a big 2019 profit, it said on Thursday. The SNB expects an annual profit of 49 billion Swiss francs ($50.29 billion), […]
By William Schomberg and David Milliken LONDON (Reuters) – Britain’s new government named Andrew Bailey as the Bank of England’s next boss on Friday, entrusting a veteran regulator and technocrat with steering the economy and its vast finance industry through Brexit. During a 30-year stint at the BoE, Bailey helped shore up the banking system […]
