News Archives

: Category: News Archives; Created: 05 February 2021; Hits: 489

Credit Suisse Group AG failed to adequately handle early episodes of misconduct by one of its former star bankers who was subsequently convicted and imprisoned for fraud, according to a report from Switzerland’s banking regulator that the lender had sought to suppress.

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: Category: News Archives; Created: 04 February 2021; Hits: 558

As a key component in solar panels, silver could benefit from more green energy spending down the line, Goldman's commodities chief Jeff Currie told CNBC.

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: Category: News Archives; Created: 04 February 2021; Hits: 534

The amount has reached 112 trillion yen -- also a record high. The worst figure in the past was 52 trillion yen in fiscal 2009 after the global financial crisis caused by the bankruptcy of Lehman Brothers, but the amount this fiscal year is more than double that. The debt of the central and local governments is expected to surpass 1.2 quadrillion yen...

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: Category: News Archives; Created: 04 February 2021; Hits: 455

February 04, 21 by John Jeffay

(IDEX Online) - Pandora reported an increase in its Q4 net profit, up by almost five per cent to $289.6m, despite the ongoing uncertainty around COVID-19.

Online organic growth more than doubled, up by 104 per cent, and online sales contributed 32 per cent of total revenue. Overall organic growth was four per cent.

The Danish jeweler, best known for its charm bracelets, saw revenue fall by 0.8 per cent to $1.27bn as one in 10 of its 7,300 outlets globally were temporarily closed during the quarter.

Last October Pandora updated its financial guidance after re-opening more stores than expected, and reporting surprisingly brisk trade despite the pandemic. It said online sales had rocketed by 89 per cent.

Alexander Lacik, president and CEO, said today in the company's interim financial report that it had faced three distinct challenges.

"First, Pandora is in the middle of its turnaround program," he said. "Secondly, the impacts of COVID-19. Finally, we entered a complete change of our organisation and operating model.

"Despite these significant disruptions, we managed to navigate the business to a very strong performance, leading to market share gains in many markets."

Pic shows a worker at a Pandora factory...

Diamond News Archives

Report on Credit Suisse Banker’s Fraud Shows Years of Lapses

Silver Is a ‘Turbo-Charged Version of Gold’ Due to Use in Solar Panels, Goldman’s Jeff Currie Says

Can Japan Survive with More than $11 Trillion in Debt?

Pandora Reports a Third of Q4 Sales Online

Silver Claws Back As Market Looks past Retail Swings