CHICAGO, Feb 21- Wal-Mart Stores Inc on Tuesday reported higher-than-expected U.S. sales, helped by more customer visits to stores and accelerating online activity, and the world's largest retailer's shares rose more than 3 percent. Net income attributable to Wal-Mart fell to $3.76 billion in the fourth quarter ended Jan. 31 from $4.57 billion a year earlier,...
*Q4 sales $22.21 bln vs est $21.81 bln. *Q4 adj profit $1.44/ shr vs est $1.34/ shr. Shares of the company, which also forecast 2017 sales ahead of Wall Street estimates, were up 1.8 percent at $145.59 in premarket trading on Tuesday.
HONG KONG/ LONDON, Feb 21- Annual profit at HSBC Holdings slumped 62 percent and fell far short of analysts' estimates as Europe's largest bank took hefty writedowns from restructuring and pointed to brakes on revenue growth. HSBC shares slid more than 6 percent after the company reported revenues fell by a fifth from 2015, underscoring the challenge the bank...
LONDON, Feb 21- Outsourcing group Capita, under pressure from a slowdown in demand from customers, said it had written off the value of a number of historic contracts, sending its shares down over 4 percent. Shares in the group, which said it was otherwise trading in line with the guidance it gave in December, were down 21 pence at 491 pence at 0806 GMT.
The downfall of Samsung vice chairman Lee Jae-Yong may inflict more damage on the conglomerate's reputation than its financial performance.
proposal@ SAO PAULO, Feb 20- Brazilian stocks rose to a nearly six-year high on Monday after miner Vale SA unveiled a proposal to become a company with no defined controlling shareholders. Shares in Bradespar, a key shareholder in holding company Valepar SA, posted their biggest intraday jump ever, adding as much as 20 percent, but ended the day up 0.40 percent.
SAO PAULO, Feb 20- Brazilian stocks rose on Monday after miner Vale SA unveiled a proposal to become a company with no defined controlling shareholders. Shares of Vale added the most points to Brazil's benchmark Bovespa stock index, which rose 0.9 percent. Shares in Bradespar, a key shareholder in holding company Valepar SA, posted their biggest intraday jump...
LONDON, Feb 20- Shares in Anglo-Dutch consumer goods group Unilever dropped 8 percent on Monday after U.S. rival Kraft Heinz Co abruptly ditched its surprise $143 billion merger proposal. Concerns had also been raised about political scrutiny in Britain where Prime Minister Theresa May had indicated she would be more proactive in vetting foreign takeovers...
A handful of family-controlled companies dominate economic life in South Korea, New York Times reports.
Kraft Heinz proposes a $143 billion merger with Unilever, but the Anglo-Dutch consumer goods company says no thanks.
Alibaba opened the doors to its latest overseas headquarters in Melbourne on Saturday, marking another chapter in the e-commerce giant's worldwide expansion.
Dominique Delport, global managing director at Havas Media Group, discusses why only a handful of brands are genuinely "meaningful" to consumers.
Samsonite is open to the prospect of manufacturing in the U.S. after a 16-year long hiatus, according to global CEO Ramesh Tainwala.
President Trump has stepped away from his namesake company and more than 400 affiliated entities.
The president-elect described the measure known as border adjustment as "too complicated", The Wall Street Journal reports.
According to authorities, current levels of reported counterfeiting and piracy on Taobao are unacceptably high."
U.S.-based website domain name provider GoDaddy said it would buy peer Host Europe Group as it looks to expand beyond the initial set-up of websites.
India's short-term growth is expected to slow as consumption falls but experts predict a strong rebound in fiscal 2018.
Yum China Holdings is in talks to buy food delivery services firm Daojia.com for up to $200 million, Reuters reports.
AirAsia plans to float a holding company that will tally all of its operations and entities under a HK listing for the Malaysia-based carrier.