PARIS, May 25 Reuters Chanel sales in the United States, one of the luxury label39;s top three markets, have slowed to a singledigit growth rate over the past six months, it said on Thursday, adding to evidence that the postpandemic spending splurge in the country has tapered off. Clearly the trend has softened since November, […]

May 25 Reuters Canada39;s two biggest lenders, TD and Royal Bank of Canada, missed analysts39; estimates for quarterly earnings on Thursday as tough economic conditions spurred the banks to make higher provisions for borrowers falling behind on repayments. TD, which called off its 13billion acquisition of U.S.based First Horizon this month, said it does not expect to […]

BENGALURU Reuters India39;s FSN ECommerce Ventures Ltd, parent of cosmeticstofashion retailer Nykaa, reported an almost 50 rise in fourthquarter profit before tax on Wednesday, helped by a sales campaign that convinced customers to buy despite inflationary pressures. Nykaa39;s consolidated profit before tax rose to 86.29 million rupees from 58.16 million rupees a year ago. The company39;s […]

May 25 Reuters Bankrupt crypto lender Celsius Network LLC said on Thursday it has chosen Fahrenheit39;s proposal as the winning bid to manage a new entity to be owned by its creditors, directing itself out of bankruptcy. Fahrenheit, a consortium that includes blockchainbased venture capital firm Arrington Capital, will provide the capital, management team and […]