Asian slowdown spoils the picture for Swatch Group
A downturn in Asia and France hit Swatch Group in the last three months of 2018, leading the Swiss watchmaker to post lower-than-expected results for the full year and sending its shares almost seven percent lower.
Ghosn still in ‘very difficult’ conditions in Japan cell: lawyer
Carlos Ghosn remains in very difficult conditions in his Japanese prison cell, Ghosn’s French-based lawyer Jean-Yves Leborgne told French radio station RTL on Thursday.
Nokia sees bumpy 2019 growth due to timing of 5G rollouts
Telecoms equipment maker Nokia forecast a soft first half on Thursday after beating fourth-quarter profit and sales expectations.
H&M sticks to dividend despite surprise fourth-quarter profit fall
Fashion retailer H&M reported an unexpected fall in quarterly pretax profit on Thursday, hit by lingering costs to upgrade its logistics, but kept its dividend unchanged while assuring investors its group-wide overhaul was gaining traction.
Japan’s Nintendo books 36 percent profit jump, cuts Switch hardware forecast
Japan’s Nintendo Co Ltd reported a 36 percent jump in quarterly operating profit on Thursday buoyed by strong software sales of its hybrid home-portable Switch console, though it cut its full-year hardware forecast for the device.
Exclusive: Sri Lanka halts imports of Johnson & Johnson Baby Powder pending asbestos tests
Sri Lanka has halted imports of Johnson & Johnson Baby Powder until the company proves its product is free from cancer-causing asbestos, two government officials and the product’s local distributor told Reuters.
Unilever fourth-quarter sales miss expectations
Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by inflation in Argentina and flat volume growth in developed markets, in its first set of results since new Chief Executive Alan Jope took charge.
Chinese EV carmaker NIO raises $650 million via convertible bond
Electric carmaker NIO Inc, one of the main rivals to Tesla in China, raised $650 million in a five-year convertible bond on Thursday, aiming to use the proceeds to fund expansion.
Asian slowdown in fourth quarter spoils the picture for Swatch Group
Swatch Group said business slowed in the last three months of 2018 hit by a downturn in Asia and weak sales in France, leading it to post lower-than-expected results for the full year.
Nokia sees fast shift to 5G ahead after strong fourth quarter
Telecom network equipment maker Nokia forecast stronger-than-expected 2019 and 2020 results thanks to fast-rising investments in 5G networks, after beating fourth-quarter sales and profit estimates on Thursday.
