Abercrombie cuts sales forecast as Hollister falls out of fashion

Abercrombie & Fitch products are seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, US, February 15, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 25 (Reuters) – Abercrombie & Fitch Co on Thursday cut its full-year sales and margin forecasts after reporting … Read more

The rise and fall of Bill Hwang’s ‘house of cards’

Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos exits the Manhattan federal courthouse in New York City, US, April 27, 2022. REUTERS/Shannon/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 28 (Reuters) – Bill Hwang spent 25 years building his career, but his … Read more

US consumer chief Chopra to revisit rules around credit card fees, abuses

The seal of the Consumer Financial Protection Bureau (CFPB) is seen at their headquarters in Washington, DC, US, May 14, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 27 (Reuters) – The US consumer watchdog will revisit its rules around credit card fees in a bid to stamp out … Read more

Russia makes ‘digital’ rouble, home-grown credit card push

Elvira Nabiullina, Governor of Russia’s central bank, speaks during an interview in Moscow, Russia, June 27, 2019. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Russia said on Thursday it plans to have a “digital” rouble capable of making international payments ready by next year and also wants … Read more

Explainer: China UnionPay, Russia’s potential payments backstop

UnionPay cards are seen displayed with a Russian flag in this illustration picture taken March 7, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, April 21 (Reuters) – Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that of home-grown … Read more

Last-minute tax tips for US crypto investors

A Bitcoin and Dollar note are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 14 (Reuters) – When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a common theme. “They have … Read more

Breakingviews’ song remains the same 22 years on

A picture taken in Saas-Fee, Switzerland, March 8, 2022. REUTERS/Rob Cox Register now for FREE unlimited access to Reuters.com Register ZURICH, March 30 (Reuters Breakingviews) – It is easy to get nostalgic when cleaning out a desk. Especially when its drawers contain the artefacts of more than two decades of business and financial history. There … Read more

Mexican startup Story boosts investments as it targets the unbanked

Stori’s Sherman He, Bin Chen, Marlene Garayzar and Gy Liu pose for a photo during an event to mark the 1 million clients of Stori, which credit cards target the overwhelming majority of Mexicans who lack any kind of formal credit, in Mexico City, Mexico March 23, 2022. Picture taken March 23, 2022. Stori VP/Handout … Read more

Japex bases business plan on keeping stake in Russian Sakhalin-1 project

A general view of the liquefied natural gas plant operated by Sakhalin Energy at Prigorodnoye on the Pacific island of Sakhalin, Russia July 15, 2021. Picture taken July 15, 2021. REUTERS/Vladimir Soldatkin Register now for FREE unlimited access to Reuters.com Register TOKYO, March 28 (Reuters) – Japan Petroleum Exploration Co (Japex) (1662.T) said its new … Read more

Heineken to exit Russia at cost of around 400 mln euros

Heineken logo is seen at the company’s building in Sao Paulo, Brazil April 30, 2019. REUTERS/Amanda Perobelli Register now for FREE unlimited access to Reuters.com Register With Heineken out, Carlsberg, and InBev joint venture remain Heineken seeks to transfer business but won’t profit from sale Russian market represents 2% of Heineken’s global sales AMSTERDAM/BRUSSELS March … Read more

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