Gap cut its 2019 profit forecast and posted the biggest drop in same-store sales in at least three years at its Gap brand, underscoring its struggles to compete with fast-fashion retailers in the face of changing customer preferences. Shares of the company, once …
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FRANKFURT/LONDON (Reuters) – Germany’s Allianz in deals that could top 800 million pounds ($1 billion) is buying businesses from LV= and Legal & General that will make it become Britain’s second-biggest general insurer behind Aviva. FILE PHOTO: The …
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New Delhi: Punjab National Bank on Tuesday posted a loss of Rs 4,750 crore for the last quarter of the fiscal ending March 2019. The bank had reported a profit of Rs 297 crore in the previous quarter but narrowed it losses by around 65% as compared with …
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The rupee May 28 declined by 18 paise to close at 69.69 against the US currency, weighed down by month-end dollar demand from importers and rising crude oil prices. Forex traders said that weakened Asian currencies also added to the pressure on the …
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(Reuters) – Chinese telecom company Huawei held on to its spot as the world’s second biggest smartphone vendor in the first quarter, despite being blacklisted by the United States, research and advisory firm Gartner said. FILE PHOTO: Huawei’s new Honor …
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