Nestle to cut at least $2.8b of costs by 2027, boost marketing under CEO Freixe
By Richa Naidu VEVEY (Reuters) – Nestle (NS:NEST) will boost advertising and marketing, trim costs by at least $2.8 billion by 2027, and carve out its water and premium drinks businesses into a standalone global unit, as it looks to…
Japan stocks higher at close of trade; Nikkei 225 up 0.45%
Investing.com – Japan stocks were higher after the close on Tuesday, as gains in the Paper & Pulp, Steel and Warehousing sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.45%. The best performers of the…
Asian stocks rise, dollar weak as US yields tick down
By Kevin Buckland TOKYO (Reuters) -Asian stocks rose on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump’s cabinet selection and sought to gauge the outlook for Federal Reserve easing….
European oil giants step back from renewables path
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP (NYSE:BP) embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to…
Analysis-Headwinds hit Trump-fueled rally in US stocks
By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect’s policies. The S&P…
Global offshore wind industry poised to miss big targets as obstacles mount
By Nichola Groom and Nina Chestney (Reuters) – After a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the…