Despite reporting a 17% rise in fiscal third-quarter profit, Tommy Hilfiger parent PVH Corp. offers a muted outlook for the fourth-quarter, citing competition and a highly promotional environment.
Paul T: The leverage of Saudi Arabia on American politics is dwindling ... shale oil and electric cars would free America from oil politics ... Whether oil will remain denominated in USD may not be as important as China's stance in RMB and its own economy ... Obama is right in shifting American policy towards the Pacific ... the value of Middle East / oil is less important to America than the waking China. And what can ME do to hurt American global economic interest ?? China will absorb most of the attention and energy of American future presidents.