WASHINGTON (Reuters) - U.S. consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained muted. Households, however, dipped into their savings to...

NEW YORK (Reuters) - A gauge of global equities hit an intraday record, as a bounce in Spain helped buoy European stocks, while Wall Street edged lower after a technology-led rally last week and a report the U.S. House of Representatives was discussing a gradual tax cut. Bloomberg...

PARIS (Reuters) - Hermes (HRMS.PA), the French label known for its $10,000-plus Birkin and Kelly bags, plans to add two leather goods workshops in France by 2020 to meet a recovery in demand for luxury goods. Like LVMH (LVMH.PA) and Kering (PRTP.PA), Hermes has reported a sales bounce...

Qatar’s central bank is easing its banking rules for expats, as it grapples with a regional economic boycott about to enter its sixth month. The regulator ordered lenders to allow foreign workers to conduct normal banking transactions for 90 days after the expiry date of their visa, according...