ECB prepares some sub-zero relief for wilting Europe
The euro and bond yields wilted in a sweltering Europe on Thursday as the European Central Bank signaled it was ready for even deeper sub-zero interest rates and to restart its mass bond buying program.
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 in Latin America, Europe and Africa and a later Easter.
Warren Buffett charity lunch in limbo after crypto promoter issues apology
Chinese cryptocurrency entrepreneur Justin Sun issued a lengthy public apology on Thursday for the manner in which he promoted his $4.57 million charity lunch with Warren Buffett, raising questions over whether the event will go ahead.
Nissan to slash 9% of workforce as first quarter profit nearly wiped out
Japanese car maker Nissan Motor Co said it is axing 12,500 jobs and warned a quick turnaround in its performance was not imminent after reporting its quarterly profit was nearly wiped out.
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 with the matter.
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, but kept its full-year sales target intact.
Oil advances on Gulf tensions but demand concerns cap gains
Oil prices edged higher on Thursday amid Middle East tensions and a big fall in weekly U.S. crude stocks, but gains were stemmed by a frail demand outlook amid increasing signs of slowing global economic growth.
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 sluggish sales and rising costs and tries to recover from a scandal surrounding ousted Chairman Carlos Ghosn.
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 on low breakeven projects that can weather weak oil prices, it said on Thursday.
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 targets intact.
