18 February

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Nestle outshines peers thanks to pet food, health products By Reuters

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By Silke Koltrowitz ZURICH (Reuters) - Nestle wants to boost organic sales growth towards a mid-single-digit rate this year, the food giant said on Thursday, after strong demand for pet food and health products in the Americas helped its growth outshine peers last year. Consumers have kept buying packaged food throughout the pandemic and Nestle has fared better than some rivals by...

18 February

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Taiwan minister flags improvement in auto chip supplies By Reuters

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TAIPEI (Reuters) - Taiwan firms are working hard to resolve a shortage of automotive chips, Economy Minister Wang Mei-hua said on Thursday, adding that she understood there had been an improvement in such supplies to auto factories worldwide. Such plants are shutting assembly lines because of the shortages, worsened in some cases by the actions of the former U.S. administration against Chinese...

18 February

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How Amsterdam is stealing a march on rivals as Brexit trading hub By Reuters

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By Tommy Wilkes, Toby Sterling, Abhinav Ramnarayan and Huw Jones AMSTERDAM/LONDON (Reuters) - All the talk was of Frankfurt or Paris luring London's financial business as Britain peeled away from the EU. Yet it is Amsterdam that is proving the most visible early winner. Data last week showed the Dutch capital had displaced...

18 February

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Credit Suisse posts fourth-quarter profit loss, 22% annual fall on back of legal troubles By Reuters

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ZURICH (Reuters) - Credit Suisse (SIX:CSGN) on Thursday posted a 22% fall in 2020 net profit as a 757 million franc hit from legal charges placed Switzerland's second-largest lender in the red for the final three months of the year. The bank posted a 353 million Swiss franc ($392.79 million) net loss for the fourth-quarter, compared with expectations for a...

18 February

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Airbus sees stable aircraft deliveries after 2020 loss By Reuters

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PARIS (Reuters) - European planemaker Airbus restored key business targets after generating cash in the fourth quarter, but withheld a dividend as it posted a pandemic-driven loss for 2020 amid the industry's "most challenging crisis". Airbus, which has overtaken U.S. rival Boeing (NYSE:BA) to become the world's largest jetmaker after a 20-month safety grounding of the Boeing 737 MAX, predicted flat 2021...

18 February

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More ‘Brexit’ companies shift to the Netherlands as uncertainty persists By Reuters

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AMSTERDAM (Reuters) - The flow of businesses moving to the Netherlands because of Brexit remained strong in 2020, even though foreign investment fell by a quarter as the coronavirus pandemic hit, the Netherlands Foreign Investment Agency said on Thursday. Amsterdam has attracted companies in trading and finance, medicine and agriculture, as well as logistics and distribution looking to secure their European operations...

18 February

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Japan’s Toyota, Honda can likely cope with global chip shortage – Fitch By Reuters

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(Reuters) - The global semiconductor chip shortage is not likely to significantly affect the financial profiles of Japan's Toyota Motor Corp or Honda Motor Co, ratings agency Fitch said in a statement on Wednesday. The automakers have enough financial flexibility to absorb more costs and maintain significant rating headroom, even if the shortage persists till the second half of 2021, according to...

18 February

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BOJ’s Kuroda says explained March review plan to PM Suga By Reuters

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By Yoshifumi Takemoto TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Thursday he explained to Prime Minister Yoshihide Suga the central bank's plan to conduct a review of its policy tools in March. "I explained how the global economy was picking up, and how the BOJ needed to conduct the review to continue its ultra-loose monetary policy," Kuroda told...

18 February

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China’s Baidu beats revenue estimates on strong cloud, AI demand By Reuters

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(Reuters) - China's Baidu Inc (NASDAQ:BIDU) reported quarterly revenue above Wall Street expectations on Wednesday, helped by a recovery in advertising and an uptick in demand for its cloud services and artificial intelligence platforms. The results come as Baidu beefs up its autonomous and smart transport technology to tap into the fast-growing electric-vehicle market and diversify revenue sources. Last month, it said...

18 February

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Baidu Earnings, Revenue beat in Q4 By Investing.com

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Baidu (NASDAQ:BIDU) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Baidu announced earnings per share of 20.08 on revenue of 30.26B. Analysts polled by Investing.com anticipated EPS of 17.78 on revenue of 30.02B. Baidu shares are up 42% from the beginning of the year and are trading at 308.68 , down-from-52-week-high.They are...

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News

Nestle outshines peers thanks to pet food, health products By Reuters

Taiwan minister flags improvement in auto chip supplies By Reuters

How Amsterdam is stealing a march on rivals as Brexit trading hub By Reuters

Credit Suisse posts fourth-quarter profit loss, 22% annual fall on back of legal troubles By Reuters

Airbus sees stable aircraft deliveries after 2020 loss By Reuters

More ‘Brexit’ companies shift to the Netherlands as uncertainty persists By Reuters

Japan’s Toyota, Honda can likely cope with global chip shortage – Fitch By Reuters

BOJ’s Kuroda says explained March review plan to PM Suga By Reuters

China’s Baidu beats revenue estimates on strong cloud, AI demand By Reuters

Baidu Earnings, Revenue beat in Q4 By Investing.com

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