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Nestle CEO Laurent Freixe expects the food group to move 'in the right direction'

Nestle Sales Beat Forecast After Price Hikes

Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of Nescafe coffee, KitKat chocolate and Purina dog food hiked prices to offset inflation.
Federal Reserve boss Jerome Powell said the bank was not in a hurry to cut interest rates

Stock Markets Gain Before US Inflation Data

Asian stock markets rose and there were fresh record highs for leading European indices Wednesday as attention turned to upcoming US inflation data.
BP has embarked on a plan to find $2 billion in cost savings and last month axed 4,700 staff jobs, or five percent of its workforce

BP Pledges Strategic 'Reset' As Profit Tumbles

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy.
For the full year 2024, Amazon's net income jumped to $59.2 billion from $30.4 billion in 2023

Amazon Profits Double, But Cautious Outlook Disappoints

E-commerce giant Amazon reported Thursday its fourth-quarter net income nearly doubled to $20 billion, driven by strong holiday sales, but its outlook for the coming quarter came in less than hoped for by analysts.
The discussions unravelled after Honda proposed to make its struggling rival a subsidiary

Honda-Nissan Merger Talks 'Basically Over': Source

Nissan's board is in the process of abandoning merger talks with Honda and could be open to other partners, a source close to the matter told AFP on Thursday and local media reported.
Shein was founded in China in 2012 and is now headquartered in Singapore

EU Quizzes Shein Over 'Illegal' Products

The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.
Shein and Temu are suspected by Brussels of not doing enough to prevent the sale of products that do not meet European standards

EU Seeks New Import Fee On E-commerce Packages

The European Commission announced Wednesday it would seek to impose new fees on e-commerce imports, as part of efforts to tackle a surge of "harmful" products into the bloc -- the bulk of them from China.
Shares in ecommerce firms fell in Hong Kong after the US Postal Service suspended inbound parcels from the city and China

Stock Markets Stutter As Traders Weigh China-US Trade Flare-up

Equity markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers.

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