*Chinese companies snap up $391 bln of foreign assets in decade. HONG KONG, March 27- ChemChina, which could soon face the task of integrating Italian tyre-maker Pirelli after its $7.7 billion bid, can take heart in the knowledge that Chinese buyers have made a decent fist of growing global brands in recent years. Success stories include the landmark 2004 purchase...» Read More
Caterpillar Inc and 3 M Co, both Dow components, reassured investors that multinationals can deliver solid earnings despite concerns about global economic growth. Shares of Caterpillar, which raised its full-year earnings outlook, rose 4.9 percent, while 3 M shares jumped 5.7 percent. "If we're looking at headwinds like currency and slowing global growth,...
*Michelin and Unilever fall, flagging weak EM demand. EDINBURGH, Oct 23- European stocks edged higher in choppy trade on Thursday, buoyed by strength on Wall Street but hindered by weak corporate results from companies including French tyre-maker Michelin. Michelin and Unilever cited poor demand from emerging markets as the former cut its full-year revenue...
*Mixed morning in Europe after Asia shares slide. LONDON, Oct 23- European and Asian stock markets ground lower on Thursday, worries over banks and corporate results again darkening the mood despite a surprisingly upbeat survey of Germany's manufacturing and service sectors. French tire maker Michelin and Unilever cited poor demand from emerging markets in...
*Michelin and Unilever fall, flagging weak EM demand. EDINBURGH, Oct 23- European stocks fell on Thursday, hindered by weak corporate results from companies including French tyre-maker Michelin, despite receiving support from better-than-expected euro zone business activity data. Michelin and Unilever cited poor demand from emerging markets as the former...
*Michelin, Unilever fall, flag weak EM demand. Michelin and Unilever cited poor demand from emerging markets as the former cut its full-year revenue goal and the latter reported weaker-than-expected quarterly sales. Unilever's London- listed shares were down 2.4 percent, while Michelin shed 3.6 percent.
LONDON, Oct 23- European stocks fell early on Thursday as weak results from French tyre-maker Michelin and consumer goods group Unilever added to a subdued tone for global equities overnight. Unilever fell 3 percent in London by 0705 GMT after it reported a weaker-than-expected 2.1 percent rise in third-quarter sales on Thursday as a slowdown in emerging...
MUMBAI, Oct 17- Indian natural rubber output is likely to drop over 10 percent in 2014/ 15 from the previous crop year, hit by heavy rain in key growing regions and as farmers suspend tapping due to lower prices, the head of the country's top producer said. The spot price of India's most traded RSS-4 rubber has fallen over a quarter so far in 2014 to 12,250 rupees per 100...
Shares of Malaysia's latex glove makers have had a tough year so far, but some analysts expect panic over Africa's Ebola outbreak may spur gains.
Wolfgang Schaefer, CFO at Continental AG, comments on the company's results and outlook, and discusses the impact the strong euro has had on the group's profitability.
Jean-Dominique Sénard, CEO of Michelin, comments on the group's Russian operations and says Europe needs to be more competitive to deal with moves in the euro currency.
Elmar Degenhart, Continental CEO, says the group is optimistic on North America and Asia but expects currency headwinds to remain strong in 2014.
Marc Henry, CEO of Michelin, comments on the group's results which were boosted by a pick-up in demand in U.S. and Europe but suffered from currency headwinds.
Pete Selleck, chairman and president of Michelin North America, explains why the group has decided to open its ninth plant in South Carolina and its strategy behind new facilities.
Wolfgang Schafer, Continental's CFO, discusses the impact the strong euro had on the group's results and says the European car market is stabilizing, albeit "on low volumes."
The CEO of Pirelli, Marco Tronchetti Provera, said that Europe needed a "common policy" to boost its economy.
Marco Tronchetti Provera, chairman at Pirelli Group, comments on the group's performance and says it has "all the tools to deliver," including new products and efficiency measures.
Christopher Chan, President Director of Southeast Asia's largest tire maker, Gajah Tunggal, speaks about the impact of a potential TPP deal on its business in Indonesia.
Europe remains difficult terrain, according to Pirelli, with the company focussed on the premium sector.
Marco Tronchetti Provera, chairman of Pirelli, tells CNBC that they are seeing small signs of recovery in Europe, especially in the premium sector.
After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.