Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Apple CEO Tim Cook has found the "recipe" for a positive relationship with the president, management expert Jeffrey Sonnenfeld told CNBC on Thursday.Politicsread more
Luxury retailer Lane Crawford says it's not fazed by a graft crackdown by Chinese authorities that has hurt rivals such as Prada, and will continue its expansion plans in mainland China.
China's anti-corruption efforts delivered a blow to luxury brands last year. For instance, Beijing banned advertising that encourages giving luxury gifts, a custom which has been popular in China.
The president of Lane Crawford, a high-end Hong Kong retailer, told CNBC on Friday that he was not too worried about the impact of the crackdown. This week the firm opened its fourth China-based store in Chengdu, a big city in the country's west.
"We are fundamentally different [from other luxury brands]. We are unique because we are not at all a hard luxury business we are very much about fashion," said Andrew Keith.
(Read More: Asia shopping malls: The 'must-have' investment?)
"So the customers that come into Lane Crawford are buying for themselves. It's not about gifting, it's about self-gifting," he added.
Luxury brands, from high quality liquor to watch makers and handbag retailers have suffered as a result of the clamp down on graft.
This week luxury Italian handbag maker Prada lowered its global sales forecasts for the financial year through to January 2015, and said sales would rise at a low single digit pace, slower than last year's 7 percent increase.
(Read More: Chinese wealthy pull back on luxury spending)
Keith said Lane Crawford still saw China as very much a long-term growth strategy for the company. In addition to the Chengdu store, the fashion retailer has one store in Shanghai, China's financial center, and two stores in the capital, Beijing.
He added that the firm aimed to target Chinese consumers online, rather than by opening a number of physical stores.
"We are really looking at China as a combination of strategically positioned hubs, and then being able to use our online business to reach the rest of the consumers in China," he added.
Representing 35 percent of Lane Crawford's business, Keith said menswear was a strong focus for the company that was founded in 1850 by Scottish merchants in Hong Kong.
"We see the China market, particularly with younger, fashionable men, who are having just as much fun with fashion and lifestyle as their girlfriends and wives, as a big growth opportunity for us," he added.
"Customers are looking for brands that are not widely available, something that's different," he added.
(Read More: Luxury's next great hope: YUMMY's)
Lane Crawford recently began offering a same-day delivery service for online customers in Hong Kong, Shanghai, Chengdu and Beijing in an effort to improve its service. Next day delivery still applies for the rest of China.
Its department stores offer 800 different fashion brands.