BIENNE: Swatch Group AG, the maker of Omega and Tissot timepieces, reported its lowest first-half profit in seven years, as demand cratered in Hong Kong, France and Switzerland. First-half operating profit declined 54 percent to 353 million Swiss francs (US$359 million), the Biel, Switzerland-based Company said in a statement yesterday. The company last week said that earnings at that level probably fell by 50 to 60 percent, sending its shares plummeting.
Markets, oil drop in Asia but bitcoin edges towards $50,000
HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...
