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Nissan keeps annual profit forecasts, cuts unit sales target
Nissan keeps annual profit forecasts, cuts unit sales target
Business and Economy
by  AFP

Nissan maintained its full-year profit forecasts on Thursday, saying chip shortages and other Covid disruptions would hit sales volumes but that it would fight back through "strict financial discipline". But in the January-March quarter, Nissan "expects to offset the negative impact of volume decline by continued improvement in performance with strict financial discipline".

Unilever enjoys strong 2022 on higher prices
Unilever enjoys strong 2022 on higher prices
Business and Economy
by  AFP

British consumer goods group Unilever said Thursday that 2022 profits soared as sales of its food and hygiene products leapt on higher prices fuelled by inflationary pressures. Unilever produces household food, cleaning and beauty products, including Magnum ice cream, Cif surface cleaner and Dove soap.

Credit Suisse posts biggest loss since 2008 financial crisis
Credit Suisse posts biggest loss since 2008 financial crisis
Business and Economy
by  AFP

Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023. Citing the impact from restructuring charges and its exit from non-core businesses, Credit Suisse said in a statement that it "would also expect the group to report a substantial loss before taxes in 2023".