Bloomberg Crude extended gains after industry data showed U.S. inventories declined, while Iran cautiously supported a proposal by Saudi Arabia and Russia to freeze production at near-record levels. Oil rose as much as 4.3 percent in New York. U.S. crude supplies fell by 3.26 million barrels last week, the industry- funded American Petroleum Institute was said to report Wednesday. However, ...

Beijing / AFP Prada’s annual sales were broadly flat for a second consecutive year in 2015 as the slowdown in China continued to weigh on the high fashion and luxury goods brand. Weak sales in Asia Pacific outside of Japan and in the United States failed to offset an improved picture in Europe, where the weak euro bolstered sales to ...

Tokyo / Bloomberg Japan Airlines Co. expects operating profit of at least 200 billion yen ($1.8 billion) in the financial year that begins in April, according to two people familiar with the situation. The profit forecast compares with 204 billion yen in operating profit expected in the fiscal year that ends in March. The country’s second-largest airline will update its ...