Hong Kong protests hit Burberry and Cathay Pacific

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Hong Kong protests hit Burberry and Cathay Pacific

Two companies with major operations in Hong Kong have revealed the financial impact of violent protests in the City. Luxury fashion house Burberry said Hong Kong sales had fallen sharply and would “remain under pressure”. Airline Cathay Pacific said the …
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Walmart earnings beat estimates, shares rise on higher outlook ahead of holidays

A strong grocery business helped Walmart’s online sales grow 41% in the third quarter, the company said on Thursday, fueling an earnings beat. Total sales in the latest period fell short of analysts’ expectations. But Walmart raised its annual earnings outlook …
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Recession fears recede in Germany but the global economy is still fragile

London (CNN Business) Happy Thursday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Investors have a heap of economic data to sort through on Thursday. First up, China: …
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Walmart manager ready to lead reopening of store where El Paso mass shooting occurred

EL PASO, Texas — Robert Evans will be on the roof of the Cielo Vista Walmart store Thursday morning to raise the U.S. flag that’s been at half-staff since the Aug. 3 mass shooting, when 22 people were killed and dozens injured. Raising the flag minutes …
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OPEC sees smaller 2020 oil surplus ahead of policy meeting

LONDON (Reuters) – OPEC on Thursday pointed to a smaller surplus in the oil market next year although it still expects demand for its crude to drop as rivals pump more, building a case to maintain supply curbs at a meeting next month. In a monthly report, …
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