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Europe’s biggest FMCG firms signal slowdown in China

Bloomberg Two of Europe’s biggest consumer-goods companies signalled a slowdown in China, whose consumers have driven global demand for everything from baby formula food to shampoo. Nestle SA said sales in the country were flat for the first nine months, while Unilever said business there “slowed a little” in the latest period. Nestle shares fell as much as 1.6% in ...

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China surveillance giant warns of client losses after US curbs

Bloomberg Hangzhou Hikvision Digital Technology Co warned it may lose customers in overseas markets because of its US blacklisting, underscoring the extent to which curbs on the sale of American technology may hurt the world’s largest video surveillance business. Executives at the Chinese camera provider, which reported profit in line with estimates, said however the company was large enough to ...

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Reliance’s profit beats estimates on telecom, retail

Bloomberg Reliance Industries Ltd’s quarterly profit rose 18% from a year earlier beating analyst estimates, bolstered by telecommunications, retail and stable refining margin. India’s biggest company by market value posted a consolidated net income of 112.6 billion rupees ($1.58 billion) in the three months through September, against 95.2 billion rupees a year ago, it said in an exchange filing. That ...

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