Bloomberg Hermes International sales jumped as the Birkin bag maker continued to benefit from its established appeal as a premium luxury brand. Sales rose 16% in the fourth quarter at constant exchange rates, almost twice as much as analysts expected. The leather goods unit was the main driver behind the performance. The shares rose as much as 8.9% to a ...

Bloomberg Myanmar’s anti-military protesters plan to hold their largest mass rally yet on Monday after two demonstrators were shot dead this weekend. Shops and businesses are expected to close in solidarity, with the nation’s largest retailer, City Mart, announcing it will shut all of its outlets. The violent crackdown on the largely-peaceful movement risks stunting an already troubled economy. Nearly ...

Bloomberg Philippine authorities evacuated tens of thousands of people in the south of the country on Sunday as tropical storm Dujuan approaches. About 51,400 people have been moved to 331 evacuation centers in the provinces of Surigao del Norte, Surigao del Sur, Agusan del Norte, Dinagat Islands, and Butuan City, the disaster risk reduction and management agency said. The first ...

Bloomberg Donald Trump will speak on February 28 at the annual Conservative Political Action Campaign (CPAC) conference in Orlando, Florida, his first public appearance since leaving the White House. The former president will discuss future of Republican Party and the conservative movement, said a person familiar with Trump’s schedule. He’s also expected to take on President Joe Biden’s immigration policies. ...

Bloomberg Voters in Niger are picking a new president on Sunday in a runoff election set to mark the first-ever transfer of power through the ballot box in the West African nation. Mohamed Bazoum, an ally of incumbent President Mahamadou Issoufou, received 39% of the vote in a first round that fielded 30 candidates. He now faces a single opponent, ...

Bloomberg Canada’s largest banks are within striking distance of resuming profit growth — with the help of government programs that prevented major loan losses. The country’s six biggest banks are expected to post an 11% average decline in adjusted earnings per share when they report fiscal first-quarter results next week, according to analysts’ estimates compiled by Bloomberg. The comparable quarter ...

Bloomberg Access Bank Plc, Nigeria’s biggest lender is looking to generate as much as 30% of profit outside its home market, following a series of acquisitions spanning East and West Africa last year. The lender expects African subsidiaries and its UK unit to account for about 25-30% of profit before tax in the next three to five years from 21% ...

Bloomberg China’s banking regulator imposed new restrictions on banks and financial institutions working with online microlenders including those led by Jack Ma’s Ant Group, dealing further blows to one of the fastest-growing business segments for financial-technology behemoths. Banks must cap overall joint lending with internet platforms or other partners at no more than 50% of their outstanding loans, the China ...

Bloomberg Indonesia’s central bank cut its benchmark interest rate to a record low and downgraded its growth outlook amid fears that a resurgence in Covid-19 cases is slowing economy’s recovery. Bank Indonesia slashed the seven-day reverse repurchase rate by 25 basis points to 3.5%, the lowest level since the rate was introduced in 2016. The move was expected by 22 ...

Bloomberg Deutsche Bank AG scaled back plans for its bonus pool after the European Central Bank (ECB) objected to proposed payout levels, highlighting the challenges of rewarding top performers while heeding demands for restraint during the global pandemic. Germany’s largest lender had initially planned to pay out more than 2 billion euros ($2.4 billion) for staff performance in 2020, but that ...