Nestle beat forecasts with a 7.4 percent rise in first-quarter underlying sales but said profit growth would slow as it would not be able to fully pass on increases in the costs of raw materials.
ABN AMRO reported double-digit earnings gains yesterday, strengthening the hand of the underperforming Dutch lender as it enters the last days of merger talks with Barclays and faces a rival break-up bid.
Former Federal Reserve chairman Alan Greenspan played down his earlier concern about a possible US recession, saying the world economy would provide a cushion, according to people attending a forum in Tokyo yesterday.
The world's top casino operators are jockeying for a stake in a vast but untapped market as Japan moves closer to an overhaul of its strict gambling laws to lure rich Asian tourists and boost its economy.
Once a political star, billionaire Canadian heiress Belinda Stronach said on Wednesday she is quitting her MP job to help steer her family's auto-parts empire ahead of a likely bid for US car maker Chrysler.
Mexican telecom magnate Carlos Slim has quietly overtaken investor Warren Buffett to become the world's second-richest man and is now "breathtakingly close" to wresting the top spot from Bill Gates, Forbes magazine reported.
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