Bloomberg Hong Kong conglomerate Swire Pacific Ltd. is nearing the acquisition of Coca-Cola bottling assets in China from a unit of state-owned food giant Cofco Corp., people with knowledge of the matter said. Swire is close to an agreement to purchase stakes in Coca-Cola bottlers from Cofco’s China Foods Ltd. subsidiary, the people said, asking not to be identified ...

  Bloomberg Market leader Tesco Plc continued to lead a counterattack by Britain’s supermarkets last month as German discounters Aldi and Lidl recorded the slowest sales growth since 2011. Tesco’s sales rose 2.2 percent in the 12 weeks ended November 6, researcher Kantar Worldpanel said. The growth was the fastest in three years and sent the shares up as much ...

  Bloomberg The booming demand for hot exchange-traded funds (ETF) has finally caught up with the staid, sleepy insurance industry. US insurers are the latest group of investors to start buying ETFs en masse, with one of the fastest adoption rates among institutions. And they’re not done yet, according to JPMorgan Chase & Co.’s Mark Snyder, who helps oversee funds ...