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World Investing
attire Asia china buyer merchandise emerging marketplaces europe fashion Inditex luxury LVMH Prada retail Richemont Roland Berger stocks Zara
Marketplaces bought a fright right now when luxury goods maker Richemont noted stagnant Asian gross sales inside the final three months of 2012. Richemont shares at the same time as those people in its rivals such as LVMH (maker of Louis Vuitton purses and Hennessy cognac) tanked soon after the news.
Like numerous of its peers from the west, Richemont the maker of Cartier watches, appears to be to China to generate its expansion given that the Usa and Europe deal with the stark prospect of stagnation.
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Extra Financial News
Bernanke jokes about possess foreseeable future in Princeton graduation speechFed might need to allow inflation rise to boost positions: KocherlakotaTreasury suggests suspends pension fund payments to stay under personal debt limitData sign comfortable economic system but not abrupt slowdownMidwest organization barometer picks back up in MayConsumer sentiment strongest in just about 6 decades in MayFed Pianalto: Additional transparency would support financial stabilityFed buys $12.2 billion of mortgage bonds, sells nonePending property revenue hit threeyear highJobless promises unexpectedly rise, but nevertheless in just 2013 range
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