With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum

With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum

BUENOS AIRES/BEIJING, Dec 7 (Reuters) – Argentina’s President-elect Javier Milei has a China conundrum. The libertarian economist insulted communist-run China in a fiery campaign, but takes office on Sunday needing the country’s second-largest trade partner more than ever as a recession looms and foreign currency reserves run dry. Since he won the Nov. 19 election, … Read more

France on ‘high’ alert for bird flu after new cases detected

France on ‘high’ alert for bird flu after new cases detected

Ducks are seen inside a poultry farm in Castelnau-Tursan, France, January 24, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing Rights PARIS, Dec 5 (Reuters) – France raised the risk level of bird flu to ‘high’ from ‘moderate’ on Tuesday after new cases of the disease were detected, forcing poultry farms to keep birds indoors to stem … Read more

Cuban family business produces flour from coconut and yucca as shortages fester

Cuban family business produces flour from coconut and yucca as shortages fester

[1/5]Entrepreneur Gabriel Perez, 38, poses for a photo as he checks slices of banana put to dry in his farmland in the rural outskirts of Havana, Cuba, November 22, 2023. REUTERS/Alexandre Meneghini Acquire Licensing Rights HAVANA, Nov 28 (Reuters) – On a small farm outside Havana, a Cuban family-run business produces gluten-free flour from banana, … Read more

UK budget winners and losers: the pound, bonds and brewers

UK budget winners and losers: the pound, bonds and brewers

LONDON, Nov 22 (Reuters) – Britain’s finance minister on Wednesday announced a raft of measures aimed at reviving the sluggish economy without upsetting markets, but a degree of caution over the outlook for borrowing and inflation rattled bonds and sterling. Nerves about cuts to social security payments were minor. Traders had feared a broader set … Read more

Estee Lauder, Canada Goose slash annual targets as China recovery falters

Estee Lauder, Canada Goose slash annual targets as China recovery falters

[1/2]An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing Rights Nov 1 (Reuters) – Estee Lauder (EL.N) and Canada Goose Holdings (GOOS.TO), on Wednesday cut their annual forecasts as the luxury goods companies grapple with weak demand in high-growth market China. Estee’s shares tumbled … Read more

Heineken holds forecast as sells less beer, but makes more money

Heineken holds forecast as sells less beer, but makes more money

Cans of Heineken Silver are seen on display at a supermarket in Amsterdam, Netherlands, April 20, 2023. REUTERS/Philip Blenkinsop/File photo Acquire Licensing Rights BRUSSELS, Oct 25 (Reuters) – Heineken retained its full-year outlook on Wednesday after the world’s second largest brewer sold less beer in the third quarter but still took in more money due … Read more

Australia’s Treasury Wine to rebuild China business after tariff review

Australia’s Treasury Wine to rebuild China business after tariff review

Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray/File Photo Acquire Licensing Rights Oct 23 (Reuters) – Australia’s Treasury Wine Estates (TWE.AX) said on Monday it is well placed to rebuild its business in China including re-building distribution for the Penfolds … Read more

Exclusive: Japan’s JFE Steel eyes stake in Teck’s coal business -sources

Exclusive: Japan’s JFE Steel eyes stake in Teck’s coal business -sources

[1/2]The logo for Canadian mining company Teck Resources Limited is displayed above their booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing Rights TORONTO, Oct 19 (Reuters) – Japan’s JFE Steel Corp is in talks to buy a stake in … Read more

Germany’s Birkenstock set for US listing after $1.5 bln IPO

Germany’s Birkenstock set for US listing after $1.5 bln IPO

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights Oct 11 (Reuters) – LVMH-backed Birkenstock (BIRK.N) was set to list its shares on the New York Stock Exchange on Wednesday after the German luxury sandal maker notched a … Read more

LVMH sales growth loses fizz as post-pandemic splurge wanes

LVMH sales growth loses fizz as post-pandemic splurge wanes

People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing Rights PARIS, Oct 10 (Reuters) – Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as a strong wave of post-pandemic spending eases due … Read more