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Added on the 12/01/2015 17:21:47 - Copyright : Reuters EN
The world's largest retailer reported a lower fiscal fourth quarter profit as store and e-commerce infrastructure improvements fail to lure more customers. Shartia Brantley reports.
Luxury jeweler Tiffany reports lower profit and cuts full-year forecast due to stronger dollar overseas and lower spending by US customers.
World’s largest farm-equipment maker Deere reported a 43 percent drop in profit, while sales also declined. Deere also cut its full year profit forecast, blaming lower corn prices and weak farm income. Leah Duncan reports.
Strong sales in the U.S. offset weakness in Asia. That puts Tiffany in a good position going into the holiday shopping season, says an analyst. Fred Katayama reports.
The EU says it predicts lower inflation in the eurozone in 2024 than previously forecast despite global uncertainties, reaching near-touching distance of its two percent target in 2025. "Inflation has declined further since the start of the year and is set to continue easing, reaching the ECB’s target in the second half of 2025," EU Economy Commissioner Paolo Gentiloni says. SOUNDBITE
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