Hello and good day!
India's Reliance group is investing in e-commerce and reopening private fuel stations. Sony brings its smartphones to China and India. Suntory Beverage is one step closer to Coca Cola in Japan and South African-based food companies reveal their most recent results. Read these stories and a lot more in today's issue.
asia & australia
Suntory acquires from Japan Tobacco Osaka-based brewing and distilling company Suntory Group plans to buy the soft-drinks operations of Japan Tobacco for US$ 1.2 billion, bringing the drink company a step closer to catching up with market leader Coca-Cola in Japan.
Premier Logistics distributes for Blueberry Transportation solution provider Premier Logistics has announced that it has won a contract to handle freight distribution for British speciality food supplier The Blueberry Group.
Crunch time for milk prices Danish dairy company Arla Foods has reduced its global farmgate milk price by 1 eurocent per kg yesterday due to ongoing negative trends in the commodity markets. Analysts are expecting global dairy giant Fonterra also to reduce its forecast this week because of low GlobalDairyTrade prices.
usa & canada
Amazon in dispute with Penguin The online giant, which sells around 90% of all books online, and the world’s biggest publisher, Penguin Random House, are reportedly arguing over the terms of a new contract for online sales. Just yesterday, Amazon India launched its new Solar Power Store offering consumers an array of green energy options.
Data breach settlement failed The proposed US$ 19 million deal between Target and Mastercard over the retailer's 2013 data breach fell through after not enough banks accepted the settlement. Target is still negotiating with Visa over losses from the breach.
Foot Locker beats expectations The sportswear and footwear retailer reported a better-than-expected 14% increase in profit in its first quarter amid continuing sales growth. The company posted earnings of US$ 184 million, up from US$ 162 million last year.