Nissan slashes full-year profit forecast after sales slump
Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on...
Steel becomes new problem child as Thyssenkrupp posts profit drop
Thyssenkrupp’s steel division swung to a loss in the first quarter, raising doubts over Europe’s second-biggest steelmaker, the conglomerate’s core following its planned sale of...
Akzo Nobel targets rival-beating growth
Dutch paints and coatings maker Akzo Nobel aims to outpace its competitors’ revenue growth in the coming years while lifting profitability, it said on Thursday....
Japan’s Asahi says Korean boycott cost it 3 billion yen last year
Japanese beer and beverage maker Asahi Group Holdings said a South Korean consumer boycott of Japanese goods cost it around 3 billion yen ($27.32 million)...
Barclays CEO probed over Epstein ties, overshadowing profit gains
Barclays on Thursday said Britain’s financial regulators are probing the historical links between Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed...
Nestle expects growth this year after solid 2019
Food giant Nestle expects a continued increase in organic sales growth this year after it hit a four-year high at 3.5% and profitability improved in...
Credit Suisse posts best profit since 2010 in Thiam swan song
Credit Suisse posted a 69% rise in annual net profit on Thursday in a bittersweet swan song for outgoing Chief Executive Tidjane Thiam....
Thyssenkrupp’s first-quarter profit drops as steel becomes new problem child
Thyssenkrupp posted a 77% drop in adjusted operating profit in the first quarter, blaming a weak automotive market while its steel division, part of the...
Airbus targets operating profit gain in 2020, after bribery settlement net loss
Airbus plunged to a 1.362 billion euro ($1.48 billion) net loss in 2019, weighed down by a multinational bribery settlement, but the European aerospace group...
Oil prices mixed as demand concerns outweigh output cut expectations
Oil prices were mixed on Thursday as concerns about falling demand caused by travel restrictions tied to the coronavirus outbreak in China, the world’s biggest...