Bloomberg The ongoing trade war with the US is hitting Chinese consumers psychologically, causing a slowdown for luxury goods in the second half of the year, said Italian menswear maker Ermenegildo Zegna Group. “In the past few months, I would say there has been a slowing down of consumption, and probably the consumer is becoming more careful in what he ...

Bloomberg SoftBank Group Corp. has been battered over the past two weeks as technology stocks plummet globally. SoftBank shares fell 7.3 percent to 9,251 yen at the close in Tokyo on Monday, pushing the decline in market value to $22 billion since its peak this year. The stock had gained 29 percent this year through September 28 as investors began ...

Bloomberg Visa Inc. and Mastercard Inc. are among international payment companies set to miss a deadline for certifying their compliance with data localisation requirements set by India’s central bank, people familiar with the matter said. The two credit card giants have requested an extension of the deadline and a relaxation of the rules, citing operational difficulties and security concerns, the ...