Although the spreads market is shrinking in Western countries, the business has fat profit margins. As per multiple sources who are familiar with the matter at hand, at least 3 bidders are expected to be shortlisted for the second round of auctions for Unilever’s margarine and spreads business....

In a strategy that depends on broadening the sport’s appeal in Asia and persuading fans to pay more for their beer, Heineken is betting on Formula One to help it reclaim the title of leading global lager from Budweiser.   Rather than its higher-margin namesake lager, which it promotes at the...

The raid follows Daimler’s claim of whistleblower status in the investigation that Germany’s top carmakers had colluded to fix the price of diesel cars and other technologies since decades. On Monday, antitrust officials from the European Union widened their investigation of alleged collusion...

With the Tanzanian government seeking to secure more revenue from its mining sector, it has confiscated a consignment of diamonds alleging under declaration of the value of consignment by almost 50%. On Monday, London-listed Petra Diamonds Ltd stated, it first quarter revenues have fallen by 17%...

For failing to deliver profits after what he called “horrible” results in the third quarter, more than $20 billion worth of assets would be shed and executives would be held accountable, vowed General Electric Co’s new chief executive.   Sending shares down as much as 6 percent early on...

Iraq's reaction to the referendum on the independence of Kurdistan influenced the energy business in the region, forcing Chevron Corp. to suspend operations in Iraqi Kurdistan, reports The Wall Street Journal. The company decided to temporarily stop drilling in the region. This decision was made in...

Visa has just launched a social initiative aiming at financially rewarding business who accept to help win Visa’s war on cash with a 10-000-dollar check. At stake: completing the transformation of economies with the deletion of physical currency and making all payments digital and tappable. But despite rather valid arguments on the purely financial aspect of the shift, civil liberties activists warn that the toll on individual liberties would be devastatingly high.

Alleging that the value of coal assets in Mozambique had been inflated and concealed critical information while tapping the market for billions of dollars, the U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud....

Attempts at preventing the desertion of customers lured away by cheaper entertainment options such as Netflix and Snapchat by companies ranging from AT&T Inc. to Viacom Inc. have failed and this has led the investors in traditional TV providers reeling.   Echoing a similar...