Seven & i Raises Profit Outlook, Bolstering Turnaround Hopes
Seven & i Holdings Co. lifted its profit and sales outlook for the current fiscal year, raising hopes that the convenience-store operator’s turnaround efforts are taking hold.
Hormuz Traffic Grinds to a Near Halt as Ceasefire Under Threat
Traffic through the Strait of Hormuz came to a near standstill on Thursday, after the US struck Iran for a second straight day as a fragile truce between the two sides looked increasingly shaky.
US-Iran Tensions Put India’s Rupee Back Under Pressure as Oil Climbs
RBI measures are so far proving less effective than they were in 2013.
Copper Rises as Risk Assets Shrug Off More US Strikes on Iran
Copper snapped a two-day loss as it shrugged off a fresh round of US strikes on Iran to focus on optimism over a longer-term demand boost from artificial intelligence.
Adani Pressed by Judge for More Details on DOJ Move to Drop Case
A US judge pressed Gautam Adani for more details on the Justice Department’s move to dismiss a blockbuster criminal case against the Indian billionaire.
Chief Future Officer: Kate Gulliver, Wayfair
This episode profiles Wayfair CFO Kate Gulliver, who is leading the home goods retailer’s efforts to achieve profitable growth during a challenging period for the housing market — as well as launching a new initiative to open brick-and-mortar flagship stores. (Source: Bloomberg)
How Japan’s Top Eyewear Maker is Passing Inflation Test
JINS rose to prominence 25 years ago with its bargain-basement ¥4,990 eyeglasses, becoming a household name for cheap chic as falling or stagnant prices took hold. Now, the Tokyo-based lensmaker is positioning itself to take advantage of the shift toward greater pricing power by opening up stores in ritzy venues and by offering a wider price range. Bloomberg’s Reed Stevenson reports from Tokyo. (Source: Bloomberg)