March, 2017

• 6 March

  China’s $150 billion dining out scene lures foreign dairy firms

  

    Bloomberg In an industrial kitchen in a leafy, residential suburb of central Shanghai, a quiet culinary evolution is taking place. Beside shelves stacked with butter mounds the size of bread loaves and 11 pound (5 kilogram) cheese wheels, chefs are experimenting with exotic ingredients that their New Zealand supplier, Fonterra Cooperative Group Ltd., wants to become ubiquitous in China: ...

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• 6 March

  Ambani to cut tax bill with Reliance revamp

  

    Bloomberg India’s richest man is looking at ways of insulating his family’s holdings in Reliance Industries Ltd. from the government’s efforts to tax some long-term capital gains, according to people with knowledge of the matter. Mukesh Ambani’s plan to revamp his stake in the nation’s second most-valuable company, by transferring shares between entities affiliated with his family, is aimed ...

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• 6 March

  Singapore managers can expect pay hike of 5%

    Bloomberg Singaporean managers and senior staff can prepare for 5 percent pay increases at most this year as the labor market stabilizes. About 93 percent of companies in Singapore say they will keep or raise headcount this year, according to a survey by recruitment consultancy Michael Page of almost 450 businesses in the city state. Only 36 percent said ...

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• 6 March

  Beijing considers dialing back or delaying e-car quota

  

    Bloomberg China is considering dialing back or delaying proposed measures aimed at pushing automakers to produce more electric vehicles, after industry feedback that the targets are overly ambitious. Under draft rules released in September for public consultation, automakers will be required to obtain a new-energy vehicle credit score of 8 percent next year, derived from different weightings assigned to ...

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• 6 March

  Standard Life to buy Aberdeen in US$4.7 billion stock deal

  

    Bloomberg Standard Life Plc, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds ($4.7 billion), a deal that would create the UK’s largest active manager. The stocks soared in London trading. Under the terms, Standard Life shareholders will own 66.7 percent of the combined group, according to a joint statement on Monday. Aberdeen’s ...

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• 6 March

  Trump, a possible El Nino may confound palm oil bears

  

    Bloomberg Palm oil bears are growing in confidence this year with production in the two largest growers expected to surge as plantations recover from the scorching effects of El Nino. The factors that may stand in the way, however, include Donald Trump and a possible early return of El Nino. The quarterly average price of the oil used in ...

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• 6 March

  BHP union faces hardest test as Escondida strike beats 2006

    Bloomberg A strike at the world’s largest copper mine faces a critical phase this week as the union expects management to tempt workers with an offer that could end the stoppage in northern Chile. After 30 days of strike, on March 10, BHP Billiton Ltd.’s Escondida can legally make individual offers to workers. If it manages to convince more ...

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• 6 March

  ‘Trump trade threat is uniting rest of world’

  

      Bloomberg US President Donald Trump’s protectionist stance may propel Asian, Middle Eastern and Latin American economic powers into market-opening alliances with the European Union, a top EU official said. Jyrki Katainen, a vice president of the European Commission, the EU’s executive arm, said Trump’s rejection of multilateral commercial deals and border-tax threat are giving impetus to the 28-nation ...

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• 6 March

  BT Group pays $1.5 billion to keep ‘broadcast rights’ in UK

  

    Bloomberg BT Group Plc will spend 1.18 billion pounds ($1.45 billion) to hold on to broadcast rights for Champions League soccer in the UK, agreeing to a 32 percent price increase to secure the future of its pay-TV business. Britain’s former telephone monopoly will pay 394 million pounds a year for three seasons ending in 2020-2021, BT said in ...

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• 6 March

  Logitech gears up to push deeper into smart home

  

    Bloomberg Since Bracken Darrell took over Logitech International SA four years ago, the company’s stock has quadrupled on robust sales of snazzy PC accessories that complement products by the likes of Apple, Microsoft, Amazon, and Google. As Darrell plots his next move, those heavyweights are starting to look more like competitors than partners. Darrell’s goal: tying together TVs, appliances ...

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