Primark sharpens ethical focus in bid for German customers
Primark, the fashion chain owned by Associated British Foods , has emphasized its commitment to environmental standards and safer working conditions as it fights for market share in discount-loving Germany and other countries.
Price increases underpin sales growth at Nestle, Unilever
Nestle and Unilever , two of the world’s biggest consumer goods makers, both reported a pick-up in quarterly sales on Thursday after getting higher prices for their products.
Blackstone third-quarter profit beats estimates amid market rise
Blackstone Group LP , the world’s largest manager of alternative assets, modestly exceeded analyst expectations with an 11 percent jump in third-quarter earnings on Thursday, as climbing equity markets buoyed its holdings.
Philip Morris quarterly results top estimates
Philip Morris International , maker of Marlboro cigarettes among others, reported higher than expected quarterly sales and profit on Thursday, helped by its IQOS tobacco-heating device.
Ericsson has dismissed 50 employees following U.S. corruption probe
Mobile telecom gear maker Ericsson said on Thursday that it has dismissed 50 people over a U.S. corruption probe it warned could lead to a financial penalty.
Futures slip after Fed minutes signal more rate hikes
U.S. stock futures fell on Thursday after the Federal Reserve’s minutes showed policy makers broadly agreed on the need to raise interest rates further, fanning concerns that triggered a brutal selloff last week.
Dollar steadies as Fed minutes weigh on stocks, yuan
The dollar held near a one-week high on Thursday and stocks were mixed after minutes showing the Federal Reserve may favor more rate hikes next year.
Macau billionaire revives dormant theme park project, without theme park
The son of billionaire Macau casino magnate Stanley Ho on Thursday announced the revival of an entertainment project left dormant for eight years, as authorities move to seize idle land in the world’s largest gambling hub.
Air France KLM shares rise on hopes of union pay deal
Air France KLM shares rose on Thursday, which traders attributed to a report on the website of business publication La Tribune that Air France would put forward a pay agreement proposal to unions later this week.
‘Enough excuses!’ France’s Le Maire grows impatient over GAFA tax
Europe has talked long enough about whether to make internet giants like Google , Apple and Facebook pay more taxes and it is time for a decision, French Finance Minister Bruno Le Maire said on Thursday.
