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December 11, 2019
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Food Processing (Legacy)

Reuters - Business

Britain’s Tesco considers Asia exit

Reuters
LONDON (Reuters) – Britain’s biggest retailer, Tesco (TSCO.L), has signaled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations. FILE PHOTO: A company logo is pictured outside a Tesco...
Reuters - Business

Britain’s Tesco reviews Thai, Malaysian business for possible sale

Reuters
FILE PHOTO: A company logo is pictured outside a Tesco supermarket in Altrincham northern England, April 16, 2016. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Britain’s biggest supermarket chain Tesco (TSCO.L) said on Sunday it had started a review of its businesses in Thailand and Malaysia, including looking at a possible...
Reuters - Business

U.S. and China can still clinch phase 1 deal by end year: U.S. national security adviser

Reuters
U.S. National Security Advisor Robert C. O’Brien attends 7th ASEAN-United States Summit in Bangkok, Thailand, November 4, 2019. REUTERS/Soe Zeya Tun HALIFAX, Nova Scotia (Reuters) – United States national security adviser Robert O’Brien said on Saturday that a phase 1 trade agreement with China is still possible by the end...
Reuters - Business

Britain’s Domino’s Pizza to exit international market

Reuters
FILE PHOTO: A Domino’s Pizza restaurant is seen in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – Domino’s Pizza Group Plc (DOM.L), Britain’s biggest pizza delivery company, said on Thursday it will exit its international markets, where it has been facing mounting losses. “We have concluded...
Reuters - Business

Huawei’s side businesses keep it all in the family

Reuters
SHENZHEN, China (Reuters) – On a hot summer morning at Huawei’s new European-themed campus outside of Shenzhen, a man resembling a younger version of company founder Ren Zhengfei was dressing down two subordinates. FILE PHOTO: Huawei founder Ren Zhengfei attends a panel discussion at the company headquarters in Shenzhen, Guangdong...
Reuters - Business

Brexit raises stakes for Britain in aircraft trade war

Reuters
LONDON (Reuters) – U.S. tariffs on European goods have plunged Britain into a trade war between the European Union and United States just as it plans to leave the 28-nation bloc, infuriating Scotch whisky makers and handing it a dilemma over thousands of Airbus (AIR.PA) jobs. FILE PHOTO: Airbus A330-743L...
Reuters - Business

Corona maker Constellation hit by pot investment loss

Reuters
(Reuters) – Constellation Brands Inc (STZ.N) slid to a loss in the second quarter as the maker of Corona and Modelo beers booked millions of dollars in losses from its investment in pot company Canopy Growth Corp (WEED.TO). FILE PHOTO: A bottle of Modelo Especial beer, one of Constellation Brands...
Reuters - Business

Constellation Brands raises full-year profit forecast after quarterly beat

Reuters
FILE PHOTO: A bottle of Modelo Especial beer, one of Constellation Brands Inc products, is shown in this illustration photograph taken in Encinitas, California, U.S. June 27, 2016. REUTERS/Mike Blake/Illustration/File Photo (Reuters) – Constellation Brands Inc (STZ.N) raised its full-year adjusted profit forecast on Thursday, after beating Wall Street estimates...
Reuters - Business

U.S. tariffs grate on Italy’s Parmesan cheesemakers

Reuters
Italian Parmesan (R) and Pecorino Romano (L) cheese are displayed on a counter at a deli in Rome, Italy, October 3, 2019. REUTERS/Yara Nardi MILAN (Reuters) – U.S. consumers will pay around $5 a kilogram more for Italian Parmesan cheese because of duties announced by Washington on a range of...

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