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Shanghai Daily,上海日报

Consumer


Fonterra, Beingmate to team up for bigger slice of China market

New Zealand’s dairy giant Fonterra Co-operative Group Ltd said it plans to invest NZ$615 million (US$515 million)...

August 28, 2014, Thursday


Chinese consumers turn less confident, Westpac report says

CHINA’S consumer sentiment dropped below its long-term average in August, in sharp contrast to improved confidence among Chinese companies, a private report said today. The Westpac MNI China Consumer ...

August 27, 2014, Wednesday


Fonterra to buy 20% of China’s Beingmate, mulls joint venture

NEW Zealand’s dairy giant Fonterra Cooperative Group Limited said it is to spend NZ$615 million (US$515 million) to form a partnership with Chinese infant food manufacturer Beingmate to tap growing demand ...

August 27, 2014, Wednesday


Casio launches new style camera

A model displays Japanese electronics maker Casio Computer’s new style camera, the “Exilim FR10,” which has a 14-megapixel CMOS camera and a detachable control unit with 2-inch LCD display, in Tokyo yesterday. Camera captured digital images or videos can be transferred to a control unit or smartphone through Bluetooth or Wi-Fi connections. Casio will put the water proof action camera on the market on September 19. ...

August 27, 2014, Wednesday


Burger King gobbles up Tim Hortons

The sign on a Burger King restaurant is shown in Miami, Florida. Burger King confirmed yesterday that it struck a deal to buy Tim Hortons Inc for about US$11 billion, a move that could help give the fast-food giant a stronger foothold in the coffee and breakfast market. The corporate headquarters of the new company will be in Canada, which may also help Burger King lower its taxes. — Reuters ...

August 27, 2014, Wednesday


KKR buys 18% of chicken producer

Private equity giant KKR & Co has made its fourth food safety-linked investment in China, agreeing to buy 18 percent of chicken producer Fujian Sunner Development Co for US$400 million,...

August 27, 2014, Wednesday


Best Buy reports lower revenue as sales decline

BEST Buy Co Inc, the largest United States specialty retailer of consumer electronics, yesterday reported lower-than-expected quarterly revenue for the third straight quarter, citing a drop in traffic ...

August 27, 2014, Wednesday


Food firms aim to sew up move to cut tax bill

BURGER King is in talks to buy donut chain Tim Hortons and create a new holding company headquartered in Canada, a move that could shave its tax bill. Such an overseas shift, called a tax inversion, has ...

August 26, 2014, Tuesday


Wine label deal with COFCO to tap thirst

THE owner of Australia’s McGuigan wine label yesterday said it had won a distribution deal with China’s state-owned food conglomerate COFCO, giving it a chance to tap the vast market. Australian Vintage ...

August 26, 2014, Tuesday


Roche to acquire US biotech firm InterMune

ROCHE Holding AG has agreed to buy United States biotech firm InterMune Inc for US$8.3 billion in cash, helping the world’s leading maker of cancer drugs expand into the treatment of rare or incurable ...

August 26, 2014, Tuesday




 

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