The DKNY show in February. The sale of the Donna Karan brand, which includes DKNY, will most likely be regarded as a rare admission of failure on the part of LVMH.
SINGAPORE/TOKYO Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come.
TOKYO Asian shares held near nine-month highs on Monday as worries over the impact of Britain's Brexit vote eased, while the dollar was buoyed by a run of solid U.S.
FRANKFURT—German business sentiment declined in July, but less than expected, from a seven-month high in June, in a sign that Europe's largest economy has proved resilient in the aftermath of the U.K.
HELSINKI (AP) - Hans Vestberg has stepped down as CEO and president of telecoms company Ericsson as the company struggles to improve earnings amid tightening competition.