Diageo sells US, UK wine biz for $552m to Aussie firm
UK alcoholic beverage giant Diageo Plc is selling its wine operations in the US and the UK for $552mn (euro483mn) to Treasury Wine Estate, an Australia-based company. Treasury Wine Estate is also in the process of acquiring Blossom Hill, Britain's second largest wine brand. The acquisition deal for Diageo is subject to the approval of UK regulator and also the US anti-trust review. The acquisition deal is expected to be completed in next three months.
Oct 14, 2015 10:53 PM EDT
South Korea's bonds volatile amid uncertainty over rates
Korean bond market has been volatile as they rose on account of US interest rate and fell owing to domestic rate of interest factor. The Korean bond market is witnessing upward and downward movement owing to varied hopes on interest rate changes. .
Brazil's deepening recession worries bankers, fuels job cuts
Bankers forecast Brazil's economy would further slip three percent in 2015 and unemployment rate spiral up to 10 percent in 2016.
Asia stocks follow US shares amid China rout
Taking cues from the US markets, Asian stocks further moved lower for the second session. moderating inflation and slump in factory-gate prices in China's economy have impacted the bourses in negative way. Almost all the major Asian indices turned weaker.
Latest News
It's tough time for Goldman Sachs to sell Concordia debt amid pharma disruption
The Canada-based Concordia Healthcare Corp is in the process of buying Amdipharm Mercury, a drug maker, for $1.9bn. Goldman Sachs is the underwriter and sees a bleak situation for Concordia's debt selling including $1.1 billion term loan and $762mn (GBP500mn) loan for marketing to support the takeover.
Oct 14, 2015 8:57 PM EDT
Volkswagen emissions scandal alarms China quality watchdog
Volkswagen scandal has not spared China from the software that creates false results for emission tests. This cause AQSIQ and the Chinese government to conduct a separate investigation regarding the issue. VW will be hurt most if China takes its toll on the automaker since the country comprises a third of its total global sales.
Oct 14, 2015 8:55 PM EDT
Carnival Cruise Line and AIDA to deploy ships in China in 2017
Carnival Cruise Line and German sister company AIDA Cruises will be sending ships in China. The two lines will join other brands in the seas of China in 2017.
Oct 14, 2015 8:20 AM EDT
Lost Luggage: Tips travelers need to know when losing or misplacing bags
Many travelers have experienced losing, mishandling, and even having damaged luggage. The most vital thought would be to ask what to do next and who is responsible for these luggage problems.
Oct 14, 2015 8:10 AM EDT
2015’s most renowned SPG Hotels for a free night redemption
The new list of favorite hotels and resorts is composed of 30 of the top destinations. Moreover, the members of these hotels and resorts can redeem their starpoints for free nights stay.
Oct 14, 2015 8:04 AM EDT
Copa ConnectMiles: How to get Copa ConnectMiles Card and other FAQs
Copa is currently offering status matches to Copa ConnectMiles. In addition, clients can now have free access to the United Clubs.
Oct 14, 2015 7:53 AM EDT
Marriott Rewards Changes: Marriott Details its New Cash + Points Awards
Marriott recently teased their upcoming changes to their Marriott Rewards program. One of the new benefits, Points Advance is functioning for a while now, but the other three changes are new to the program.
Oct 14, 2015 7:48 AM EDT
Optimistic OPEC secretary-general expects balanced oil market in 2016
The OPC secterary-general is very positive that by 2016, the oil market will regain its strength and recover from the deep plunge from the previous years. The output remains the same to control the supply and price as well. Non-OPEC countries will soon join depending on the discussion in the meeting that will be held this month in Vienna.
Oct 14, 2015 7:45 AM EDT
Facebook is testing new features for mobile shopping
Facebook wants you not only to connect with friends and family but also with brands. The social network has announced that it is testing features that will enable consumers to buy products using its app.
Oct 14, 2015 7:43 AM EDT
Former Merck & Co analyst enters guilty plea for insider trading
A former Merck and Co Inc analyst was sentenced to more than three years in prison and fined almost $700,00 due to his involvement in insider trading. He was accused of having tips his school friend regarding the information leading to his friend obtaining profit from the information.
Oct 14, 2015 7:41 AM EDT
Frontier $19 One-Way Fare: Grab The Biggest Sale with Travel Dates Until Dec. 16
Frontier is offering $19 One-Way fare until Dec. 16 in various destinations. Frontier's $19 one-way fare is the company's biggest sale of the year.
Oct 14, 2015 7:34 AM EDT
5 Scenic Spots To Find Peak Foliage In The US
There are many places in the US that offers beautiful spots to see peak foliage during autumn season.
Oct 14, 2015 7:29 AM EDT
Most Popular
Newsletters
Stay ahead in finance. Subscribe for expert insights, market updates, and investment strategies. Join our newsletter to secure your financial future.
Latest News
