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Swiss corporation Nestle, the world's largest food producer, recorded organic sales growth at 3.4% in the first quarter of 2019. Compared to the increase of 2.8% in the first quarter of last year this year, its growth rates accelerated. The indicator exceeded the estimate of experts who had expected a growth of 2.8%. In general, growth was boosted by improved sales in the United States and China due to the high demand in these countries for pet products, dairy products and baby food. A positive factor for sales growth was also a change in the strategy of Nestle, which focused on categories such as baby food and coffee, given the desire of consumers to buy more fresh food. Since the beginning of this year, Nestle shares have grown by more than 19%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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