Articles by Stefan Kachakov


Luxury watches are losing their luster

Luxury watches lose much of its luster because of the slowing global economy and changing consumer tastes, writes The Wall Street Journal. Hong Kong’s leading export market for Swiss watches is most affected. Sales of…


Caterpillar shrank its annual forecast

Caterpillar, the largest producer of machines for the construction and mining sector, felt the slowing of the global economy. Because of weak demand, the US corporation shrinks its financial forecast for the current fiscal year,…