Warren Buffett’s Berkshire Hathaway on Wednesday said it boosted its stake in Amazon.com by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs.
Condé Nast has bestowed yet another title upon Anna Wintour -- who already helms the company's flagship fashion title Vogue as editor-in-chief, in addition to performing the role of Condé Nast artistic director.
Steinhoff said on Wednesday it had refinanced some 9 billion euros of debt in its overseas operations which include Poundland in Britain and France's Conforama, after pushing the deadline date back repeatedly.
China's industrial output growth slowed more than expected to 4.8% in July from a year earlier, in the latest sign of faltering demand in the world's second-largest economy as the United States ramps up trade pressure.
South African retailer Steinhoff said on Tuesday its only hope for survival is to sell off assets to become a retail-focused investment holding firm, as it fights to contain the fallout of a $7 billion accounting fraud.
China's top technology, e-commerce and consumer electronic firms are set to report a sharp slowdown in revenue growth for the June quarter, as a bruising trade war with the United States hurt consumer spending.
BlackRock's new private equity fund Long Term Private Capital has completed its maiden investment, taking up an $875 million stake in Authentic Brands Group, making it the largest investor in the U.S.-based company.
Italian luxury label Versace apologised on Sunday after one of the company's t-shirts was widely criticised on social media in China for identifying the autonomous territories of Hong Kong and Macau as countries.