China shares have enjoyed a three-month-long rally and now it's time for investors to turn selective, analysts said.» Read More
HONG KONG/ MADRID, Dec 2- Esprit Holdings' chief is doubling down on a bet to fix the struggling clothing retailer he took charge of a year ago by revamping its existing business model and recreating it in the image of his former employer-now-rival, Zara.
Japan's banking titans are hiring Spanish-speaking bankers to win new business in Latin America and handing out loans to junk-grade borrowers in the United States as they probe deeper overseas.
Markets in Shanghai and Hong Kong pared earlier steep losses on Monday after worries about a new strain of avian flu drove both indices to fresh lows for 2013. Meanwhile, Japan's benchmark Nikkei revisited the 13,000 mark after the yen slid to a four-and-a-half year low against the dollar.
European shares closed lower on Friday after U.S. jobs data came in well below expectations, raising concerns that the recovery in the world's largest economy is weakening.
South Korean carmaker Hyundai Motor hopes a touch of Hermes will make its priciest sedan as desirable as the French retailer's exclusive handbags and catapult its cachet into the same league as luxury rivals.
The latest earnings from luxury goods group Richemont could signal a wider trend of changing consumer trends in Asia, though economic growth should help buoy the luxury goods market, experts told CNBC.
Italian shoemaker Salvatore Ferragamo has raised its stake in distribution companies operating in China as part of a strategy to strengthen its position in Asia.
Asian shares touched fresh 16-month highs on Friday as investors awaited U.S. nonfarm payrolls data due later in the day, with sentiment underpinned by signs that China's economy is stabilizing.
Shares of Italian fashion house Prada surged as much as 7.9 percent to an all-time high on Friday after the Milan-based company posted forecast-beating quarterly results.
European shares finished in positive territory Thursday as the ECB and the Bank of England kept interest rates unchanged.
China has again outshone the U.S. as the top venue for initial public offerings despite steep share price falls on the mainland and Hong Kong stock markets, highlighting the shift in global financial activity from west to east.