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Swiss food manufacturer Nestle reported that in the fourth quarter, its organic sales growth accelerated to 3.7% from 2.8% in the first 9 months and exceeded the increase expected by experts by 3.5%. At the end of 2018, the figure increased by 3%. Net income amounted to 10 billion 100 million Swiss kroner, having jumped over the year by 42%, finversia.ru reported. The company was able to achieve good quarterly and annual results due to improved performance in China and North America. The improved performance of the baby food business also played a positive role. Positive reporting has affected the shares of Nestle, the value of which during trading on Thursday rose by almost 3%.
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, ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
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