Cie. Financiere Richemont SA (CFR), the world’s second-largest luxury-goods maker, reported 24 percent growth in third-quarter revenue, boosted by sales of Vacheron Constantin timepieces and Cartier jewelry in Asia.
China launched its first physical iron ore trading platform on Monday in the latest move by the world's biggest iron ore consumer to strengthen its pricing power over a raw material long dominated by giant foreign suppliers.
The China Beijing International Mining Exchange (CBMX) launched the online platform together with the China Iron & Steel Association (CISA) and the China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters.
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