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.