Total plans $5 billion in asset sales as second-quarter profit falls
French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus...
Oil rises on U.S. stock decline, but manufacturing slowdown caps gains
Oil prices rose on Thursday amid Middle East tensions and a big fall in U.S. crude stocks, but gains were capped as weak Western manufacturing...
ECB prepares some sub-zero relief for wilting Europe
Euro and bond yields wilted on Thursday as a slump in German business confidence piled the pressure on the European Central Bank to push interest...
AB InBev profits as beer sales growth hits five-year high
Anheuser-Busch InBev , the world’s largest brewer, beat earnings expectations after beer sales grew at their fastest pace in over five years, helped by increases...
Unilever second-quarter sales slip as wet weather hits Europe
Consumer goods giant Unilever Plc reported slightly weaker-than-expected quarterly underlying sales growth on Thursday, hit by wet weather in Europe and moderating growth in India,...
Exclusive: Nike explores sale of surfwear brand Hurley – sources
Nike Inc , the world’s largest sportswear maker, is exploring options for its surfwear brand Hurley International, including its possible divestment, according to people familiar...
Total plans $5 billion in asset sales as second quarter net profit falls
French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus...
Nissan to axe 12,500 jobs after first quarter profit drops 98.5%
Nissan Motor Co said on Thursday it would slash 12,500 jobs globally by 2022 and cut output to rein in costs as it suffers from...
Unilever second-quarter sales miss estimates hurt by rain in Europe
Consumer goods giant Unilever Plc reported slightly weaker-than-expected quarterly underlying sales growth on Thursday, hit by wet weather in Europe, but kept its full-year sales...
Old habits die hard: Saudi Arabia struggles to end oil addiction
When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly boarded...