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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Oct 13, 1993
Page
12
Cartier announces its first China outlet in Shanghai opened Oct 3 showing luxury items with price points around 3300 dollars for a top watch and 740 for a pen. Company executive Gerard Djaoui notes long term commitment with cautious expectations amid China’s budding luxury market and rapid growth.
Tokyo share prices declined Tuesday as investors dumped issues not listed in a new index. The Nikkei Stock Average dropped 241.93 points to 20,137.31, a 1.18 percent loss, while the dollar strengthened to 105.79 yen, up 0.54 yen.
The Dow fell 0.28 to 3593.13 as earnings buoyed some stocks while fears about the economy lingered. NYSE volume reached 265.19 million shares with advancers ahead of decliners about 8 to 7. Other indices showed modest changes amid a choppy session. An unrelated toothpaste ad from Gaithersburg, Maryland, promotes Nite White tooth whitening at 9027 Shady Grove Court.
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