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ZURICH – Nestle’s organic growth target of around 5% this year is “conservative” while the margin target has become more challenging due to inflationary pressures, the food group’s chief executive …

MILAN -Telecom Italia (TIM) has started talks with banks to raise around 3 billion euros ($3.3 billion) in financing that could be partly guaranteed by Italy’s export insurer SACE, three …

GDANSK – Poland’s biggest fashion retailer LPP faces a surplus of merchandise this year after closing stores in Eastern Europe, which is likely to erode its profits in the first …

(Reuters) -U.S. railroad operator Union Pacific Corp posted a 21.5% jump in first-quarter profit on Thursday, benefiting from higher shipments due to a rise in U.S. factory production and price …

(Reuters) -The head of luxury house LVMH, Bernard Arnault, said on Thursday that the company’s outlook this year was “so far so good”. “You saw the first quarter figures, what …

MILAN – Shareholders in Assicurazioni Generali will vote on April 29 to name a new chief executive and board of directors at Europe’s third-largest insurer. CEO Philippe Donnet, at the …

By Gianluca Semeraro and Valentina Za MILAN – Generali boss Philippe Donnet, facing a challenge to his leadership from rebel investors, is confident he can deliver on his plans for …

By Silke Koltrowitz ZURICH – Nestle on Thursday confirmed it expects to grow sales around 5% and keep margins broadly stable this year after higher pet food, dairy and coffee …

TOKYO – Toshiba Corp said on Thursday it has resolved to solicit proposals on strategic alternatives, including privatisation of the company. The company has retained Nomura Securities as an adviser …

By Ana Isabel Martinez and Anthony Esposito MEXICO CITY – Mexico’s cash-strapped state oil firm Petroleos Mexicanos (Pemex) is under pressure to resume financial debt repayments despite promises from President …

By Kate Abnett BRUSSELS – Raise your air conditioner’s temperature, adjust your boiler settings, drive slower and swap short-haul flights for trains: some of the International Energy Agency’s advice on …

By Hyunjoo Jin and Akash Sriram SAN FRANCISCO – Tesla Inc results surged past Wall Street expectations on Wednesday, as higher prices helped insulate the electric vehicle maker from supply …

By Ross Kerber (Reuters) – A Florida official praised Elon Musk’s offer to buy Twitter Inc and said pension officials will tell the company its efforts to fend off the …

(Reuters) -AT&T Inc on Thursday posted a 2.5% rise in core wireless revenue for the first quarter, as the telecom giant benefited from the expansion of its fiber internet and …

FRANKFURT -The European Central Bank should end its stimulus programme in July and could raise interest rates that same month, in September or later, ECB vice-president Luis de Guindos said …

TOKYO – Hitachi Ltd is planning to sell most of its 40% stake in Hitachi Transport System Ltd to U.S. private equity firm Kohlberg Kravis Roberts (KKR) for $1.56 billion, …

By Howard Schneider WASHINGTON – With even the most dovish U.S. central bankers now calling for a key interest rate to hit its “neutral” level by year’s end to tame …

By Marcy de Luna HOUSTON – Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on …

BEIJING -Chinese employees will henceforth be able to invest and supplement funds in their pension accounts, authorities said on Thursday, launching the country’s first private pension scheme as they tackle …

PARIS -Bernard Arnault, the head of luxury giant LVMH said on Thursday his business empire was eying expanding into the digital “metaverse”, but stressed that the company still wants to …

AHMEDABAD, India – Britain hopes to complete a free trade deal with India by the end of this year, British Prime Minister Boris Johnson said on Thursday as he emphasised …

LONDON -Britain’s consumers increased visits to retailers and leisure providers in the run-up to the Easter holiday weekend and bookings at restaurants were their strongest in seven months, according to …

PARIS -Shares in Carrefour fell nearly 4% on Thursday after Europe’s largest food retailer reported first-quarter sales that showed a lacklustre performance in its core French market, overshadowing more robust …