CREDIT SUISSE PROFIT BEATS MARKET EXPECTATIONS

Credit Suisse Group reported third-quarter net profit of $1.07 billion, a performance that was ahead of analysts' expectations. The Swiss bank's net revenue was $6.85 billion, also ahead of market expectations.

TESCO CHAIRMAN TO STEP DOWN

Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.

UNILEVER SALES GROWTH SLOWS

Unilever warned of a tough outlook and struck a gloomy tone after reporting worsening sales, raising fears of a broad economic slowdown across emerging markets.

HYUNDAI MOTOR PROFITS DOWN

Hyundai Motor's third-quarter net profit fell 28%, hurt by a stronger local currency, work stoppages by unionized employees and weak local sales of its new flagship Sonata sedan.

DNB PROFITS BOOSTED BY HIGHER LENDING VOLUMES

Norway's biggest lender, reported a 16% rise in third-quarter net profit, boosted by higher lending volumes and lower restructuring and impairment charges, and said it was on track toward building up its own funds despite tough competition in the banking market.

ORANGE HURT BY TOUGH COMPETITION

Orange posted another drop in revenue and profit in its latest quarter as tough competition in some of the telecom group's largest markets continued to weigh.

NOKIA OUTLOOK BULLISH AS IT SWINGS TO PROFIT

Nokia gave a more bullish full-year financial outlook on Thursday after swinging back to profit in the third quarter partly because of a 13% rise in revenue as the Finnish telecom-equipment supplier deployed high-speed mobile networks in North America and China.

ANGLO AMERICAN INCREASED IRON ORE OUTPUT

Anglo American said that iron-ore production rose sharply in the third quarter, as the mining company joined its larger rivals in increasing output to grab market share even as prices fall.

CICC CHAIRMAN JIN LIQUN RESIGNS

The chairman of China International Capital has resigned, marking the second top management change in less than two weeks. CICC has appointed Ding Xuedong, chairman and chief executive of China's sovereign-wealth fund China Investment Corp, to take up the position.

SEB PROFITS SURGE ON HIGHER INCOME, ONE-TIME GAINS

Swedish lender Skandinaviska Enskilda Banken Thursday reported a 46% surge in third-quarter net profit on higher net interest income and one-time gains, but cautioned that a more subdued business climate is starting to weigh on credit demand.