March, 2019

• 31 March

  Coca-Cola turns to grandmas’ recipes in India

  

  Bloomberg First came a type of cumin-flavoured sparkling water. Next up is a mix of unripe mangoes and spices. After that could be buttermilk. Then maybe some potions based on a 2,000 year-old system of traditional medicine. That’s a rough outline of Coca-Cola Co’s strategy in India as it tries to outrun the global decline in consumption of sugary sodas. ...

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• 31 March

  Ex-Tata executives start fund to spur change at Indian firms

  

  Bloomberg Some ex- Tata Group executives have teamed up with a veteran investor to seek to bring change at Indian companies, in a rare attempt to influence management in a country where shareholder activism has largely failed to take hold. Former Tata employees including Mukund Rajan and Govind Sankaranarayanan have partnered with Ajit Dayal, the founder of mutual fund firm ...

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• 31 March

  Rare public protest flags investor anger in Hyflux slump

  

  Bloomberg A rare public protest in Singapore underscored mounting anger among investors set to suffer sharp losses in one of the country’s highest-profile corporate debt restructurings. The catastrophic slump of the once-vaunted water and power company, Hyflux Ltd, has stunned debtholders, who stand to lose about 90 percent. About 400 to 500 of those individual investors gathered in a downtown ...

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• 31 March

  Facebook CEO calls for internet regulations

  

  Bloomberg Facebook Inc Chief Executive Officer Mark Zuckerberg called for new global regulations governing the internet, recommending overarching rules on hateful and violent content, election integrity, privacy and data portability. In a statement that was also published as an op-ed in the Washington Post, Zuckerberg said the company is seeking regulations that would set baselines for prohibited content and require ...

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• 31 March

  PSA Group and Fiat Chrysler explore Europe car venture

  

  Bloomberg PSA Group and Fiat Chrysler Automobiles are exploring a partnership to share investments to build cars in Europe, according to people familiar with the talks. The French carmaker and its Italian-American peer have been holding preliminary discussions to collaborate on a “super platform” — the basic underpinning of a car model — to reduce their investment costs in the ...

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• 31 March

  Colgate bids for Nestle skin-health business

  Bloomberg Colgate-Palmolive Co is among bidders for the consumer arm of Nestle SA’s skin-health business, people familiar with the matter said, joining an auction process that’s been dominated by private equity firms. Colgate and Unilever NV are both bidding for the consumer-focussed part of Nestle’s business, which includes brands such as Cetaphil moisturisers and cleansers and the Proactiv acne treatment, ...

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• 31 March

  Brexit turns gloomy tale for Brits with EU jobs in Luxembourg

  

  Bloomberg Luxembourg’s PM Xavier Bettel joked that Brexit is like Samuel Beckett’s “Waiting for Godot.” Unfortunately, many UK citizens in the Grand-Duchy have become the protagonists in a tragicomedy of their own. Since the June 2016 referendum, there’s been an influx of finance workers fleeing the City of London. But other Britons, employed at EU institutions, were essentially forced to ...

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• 31 March

  North Korea cites ‘rumours’ of FBI link to embassy raid

  

  Bloomberg North Korea says it’s monitoring “rumours” the FBI was involved in a recent raid on its embassy in Spain. In Pyongyang’s first public statement on the incident, an unidentified foreign ministry spokesperson said North Korea is tracking rumours that the FBI and an anti-North Korea group were involved in the “grave terrorist attack” on its embassy in Madrid on ...

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• 31 March

  South Korea’s cabinet nominees drop out in blow to Moon Jae-in

  

  Bloomberg South Korean President Moon Jae-in retracted his nomination for science minister, following a series of high-level resignations that are complicating a cabinet reshuffle and distracting from his efforts to revive nuclear negotiations with North Korea. Moon’s decision to withdraw the appointment of Cho Dong Ho to oversee science and communications policies was based on “a comprehensive review,” Moon’s spokesman ...

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• 31 March

  Venezuelans protest chronic power cuts

  

  Bloomberg The man seeking to oust Venezuelan President Nicolas Maduro called on residents of poorer areas south of the capital to protest his rule, as three blackouts in less than a month have virtually shut down the country. Many schools and businesses have been closed for five days. “We will continue to hit the streets,” Juan Guaido, head of the ...

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