Unilever fourth-quarter sales miss expectations

Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by flat volume growth in developed markets.

from Reuters: Business News https://reut.rs/2Sf8BSJ

Chinese EV carmaker NIO raises $650 million via convertible bond

Electric carmaker NIO Inc, one of the main rivals to Tesla in China, raised $650 million in a five-year convertible bond on Thursday, aiming to use the proceeds to fund expansion.

from Reuters: Business News https://reut.rs/2G1Tp5u

Asian slowdown in fourth quarter spoils the picture for Swatch Group

Swatch Group said business slowed in the last three months of 2018 hit by a downturn in Asia and weak sales in France, leading it to post lower-than-expected results for the full year.

from Reuters: Business News https://reut.rs/2sWIt0D

Nokia sees fast shift to 5G ahead after strong fourth quarter

Telecom network equipment maker Nokia forecast stronger-than-expected 2019 and 2020 results thanks to fast-rising investments in 5G networks, after beating fourth-quarter sales and profit estimates on Thursday.

from Reuters: Business News https://reut.rs/2RuOHys

Russia's Gazprom raises $1.06 billion in loans from Mitsubishi UFJ, Citi: Ifax

Russian state gas producer Gazprom has raised two loans worth 925 million euros ($1.06 billion) from Mitsubishi UFJ Financial Group and Citibank, the Interfax news agency reported on Thursday citing company data.

from Reuters: Business News https://reut.rs/2Tl10za

Asia stocks climb to four-month high as Fed turns more cautious; dollar sags

Asia stocks rose to a four-month high on Thursday after the Federal Reserve pledged to be patient with further interest rate hikes, signaling a potential end to its tightening cycle amid signs of slowing global growth.

from Reuters: Business News https://reut.rs/2G9YFU6

GM halts operations at 11 Michigan plants after utility's urgent appeal

General Motors Co said late on Wednesday it will temporarily suspend operations at 11 Michigan plants and its Warren Tech Center after a utility made an emergency appeal to users to conserve natural gas during extreme winter cold.

from Reuters: Business News https://reut.rs/2UrTym3

South Korea's Netmarble to form consortium for Nexon holding company bid

South Korean gaming firm Netmarble said it will form a consortium to bid for a controlling stake in Nexon's holding company, the latest to show interest in a deal that could be worth about $9 billion after Kakao.

from Reuters: Business News https://reut.rs/2DKoj08

Facebook keeps attracting digital ads, shares jump after hours

Facebook Inc reported better-than-expected profit on Wednesday, showing that digital advertisers were still flocking to spend money on the service in order to reach customers even after a series of high profile embarrassments for the world's largest online social media network.

from Reuters: Business News https://reut.rs/2Gdu2Nm

Tesla CFO leaves as automaker promises profits and cheaper cars

Tesla Inc's chief financial officer will leave the company as the automaker on Wednesday promised cheaper Model 3 sedans, the launch of Chinese production this year and profits in every quarter in 2019.

from Reuters: Business News https://reut.rs/2DJX3yQ

Alibaba stock rallies on handsome profit beat, optimistic commentary

E-commerce giant Alibaba Group Holding Ltd reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and U.S. tariff effects, sending its shares up 6 percent.

from Reuters: Business News https://reut.rs/2Tnuj4i

Samsung Electronics forecasts weaker 2019 earnings as chip sales slow

Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips.

from Reuters: Business News https://reut.rs/2UoboGu

United Natural Foods sues Goldman Sachs, Bank of America over acquisition advice

Grocery distributing company United Natural Foods Inc filed a lawsuit on Tuesday against Goldman Sachs Group Inc and Bank of America Merrill Lynch claiming the investment banks put their financial interests ahead of the company's when they advised it on a multi-billion acquisition last year.

from Reuters: Business News https://reut.rs/2Be6BjI