Thyssenkrupp posted a 77% drop in adjusted operating profit in the first quarter, blaming a weak automotive market while its steel division, part of the group's core following a planned divestment of its elevator business, swung to a loss.
Food giant Nestle expects a continued increase in organic sales growth this year after it hit a four-year high at 3.5% and profitability improved in 2019, helped by cost cuts and a focus on fast-growing businesses.
Credit Suisse posted a 69% rise in annual net profit on Thursday in a bittersweet swan song for outgoing Chief Executive Tidjane Thiam.
Walmart de Mexico , Mexico's biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme.
Oil prices were steady on Friday but are set for their first weekly gain in six weeks on the assumption major producers will implement deeper output cuts to offset slowing demand in China, the world's second-largest crude user.
ConocoPhillips' sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum has been cleared by an international tribunal, resolving a long-running challenge by Australian partner FAR Ltd .
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts.
Walmart de Mexico , Mexico's biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme.
HSBC on Tuesday reports 2019 results and will set out its new strategy, where interim Chief Executive Noel Quinn will audition for the permanent role by announcing major restructuring efforts. Here are five key things to look out for:
The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if the outbreak is contained.
The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether the idled plant would be restarted, court filings show.
Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its industrial automation operations from its air-conditioning business.
Royal Caribbean Cruises Ltd on Thursday said it had canceled 18 cruises in Southeast Asia and joined larger rival Carnival Corp in warning that its full-year earnings would be hit by the coronavirus outbreak.
JPMorgan Chase & Co has told financial technology companies they will be barred from accessing its customer information by July 30 unless they sign data access agreements with the bank and back a plan to stop using customer passwords to gather the data.
Venezuela's state-run oil company PDVSA this week plans to discharge nearly 1 million barrels of crude stranded for over a year at sea over U.S. sanctions against the company and an ownership dispute with its refining unit, Citgo Petroleum, according to internal documents viewed by Reuters.