Kraft Heinz sees potential in baby food, will keep Plasmon

Kraft Heinz sees potential in baby food, will keep Plasmon
MILAN (Reuters) – Global packaged food group Kraft Heinz Co (KHC.O) will keep baby food line Plasmon and plans to leverage its ‘Made in Italy’ credentials to expand the brand abroad, Kraft Heinz Co’s general manager for Italy said. Plasmon products are seen on supermarket shelves in Milan, Italy, October 19, 2019. Picture taken October 19, 2019. REUTERS/Francesca Landini Earlier... Read More

China says it hopes to reach phased trade pact with U.S. as soon as possible

China says it hopes to reach phased trade pact with U.S. as soon as possible
BEIJING (Reuters) – China hopes to reach a phased agreement in a protracted trade dispute with the United States and cancel tariffs as soon as possible, the Commerce Ministry said on Thursday, adding that trade wars had no winners. A phased agreement would help restore market confidence and reduce uncertainty, ministry spokesman Gao Feng told reporters, adding that both sides... Read More

China says it hopes to reach phased trade pact with U.S. as early as possible

China says it hopes to reach phased trade pact with U.S. as early as possible
BEIJING (Reuters) – China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on canceling tariffs on each others’ goods. A phased agreement would help restore market confidence and reduce uncertainty, Gao Feng, spokesman at the ministry, told reporters, adding that both sides... Read More

Stocks dip as report China wants more trade talks tempers optimism

Stocks dip as report China wants more trade talks tempers optimism
LONDON (Reuters) – A global index of stock markets dipped on Monday as a report that China wants more talks before signing a “Phase One” trade deal with the United States tempered an initial burst of optimism that followed signs of progress last week. Stock markets in Asia cheered U.S. President Donald Trump’s outlining the first phase of an agreement... Read More

Global stocks slip amid lack of detail on trade deal

Global stocks slip amid lack of detail on trade deal
LONDON (Reuters) – A global index of stock markets slipped on Monday as signs of progress in the China-U.S. trade dispute drew mixed a reaction from investors, with some cautioning over a lack of detail in the initial stages of the agreement. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany,... Read More

Trump’s hailing of $50 billion in Chinese farm purchases seen as ‘meaningless’

Trump’s hailing of $50 billion in Chinese farm purchases seen as ‘meaningless’
BEIJING (Reuters) – China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles. FILE PHOTO: Imported soybeans are transported at a port in Nantong, Jiangsu province, China August 6, 2018. REUTERS/Stringer/File Photo Outlining... Read More

China September soybean imports ease on falling animal feed demand

China September soybean imports ease on falling animal feed demand
BEIJING (Reuters) – China’s soybean imports in September fell 13.5% from the previous month, customs data showed on Monday, as an epidemic of African swine fever that has slashed China’s pig herd reduced demand for soymeal. FILE PHOTO: Workers stand near a crane unloading sacks of imported soybeans from Russia at Heihe port in Heilongjiang province, China October 10, 2018.... Read More