Renault SA, Europe’s third-largest carmaker, said 2013 operating profit jumped 59 percent as low- cost models from the Dacia brand pushed delivery growth and the company lowered costs. The stock rose the most in five weeks.
Nexon Co., the Japanese maker of online games including “MapleStory” and “Combat Arms,” named American Owen Mahoney chief executive officer as it seeks growth and acquisitions in the U.S. and other Western markets.
Daimler AG Chief Executive Officer Dieter Zetsche in early 2013 had to face down critics to hang onto his job. A year later, his strategy is gaining traction, with Mercedes-Benz closing the gap with bigger German rivals.
Global corporate earnings growth is poised to accelerate this year as higher spending by U.S. consumers and Europe’s gradual rebound from a two-year recession help offset a slower economic expansion in China.
Hassan Rouhani, the first Iranian leader in a decade to visit Davos for the World Economic Forum, invited oil companies to invest in his country as a nuclear accord with world powers triggers the lifting of some sanctions.