Agreement expands both companies’ capabilities in servicing a fast-growing and evolving alternative protein marketWESTCHESTER, Ill., Nov. 14, 2024 (GLOBE NEWSWIRE) — Ingredion (NYSE:) Incorporated (NYSE: INGR), a leading global provider of ingredient solutions for food, beverage and industrial applications, and Lantmännen announce a new long-term collaboration. Lantmännen is an agricultural cooperative and Northern Europe’s leading player in agriculture, bioenergy, food and ingredients. The collaboration will begin with the fulfillment of European market needs for competitive, sustainably sourced, and high quality pea protein isolates and various facets of sales, product innovation, and process enhancement. Lantmännen will invest more than 100 million…
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By Liangping Gao and Kevin Yao BEIJING (Reuters) -China’s property investment fell at a faster pace from January to October but sales narrowed the slump, showing policy stimulus is starting to inject some life into the crisis-hit sector, although a robust recovery might take some time. Property … Source link
Pictured here is a Shanghai development under construction on Nov. 4, 2024.Cfoto | Future Publishing | Getty ImagesBEIJING — China on Friday reported strong growth in retail sales and a decline in real estate investment in October, signaling that the country’s recent stimulus push has already worked to bolster certain sectors of its flagging economy.Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2% growth in September.Industrial production rose by 5.3% from a year ago, missing expectations of 5.6% growth. While fixed asset investment, reported…
By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -Hyundai Motor named Jose Munoz, current U.S. chief and global chief operating officer, as co-chief executive officer on Friday, marking a rare appointment of a foreign national to a CEO post at a major South Korean conglomerate. The reshuffle at the helm of the world’s third-biggest automaker by sales when combined with affiliate Kia comes as South Korean businesses that have invested heavily in the United States brace for Donald Trump’s second presidency. Leadership change will “enhance global competitiveness” and help “better prepare for uncertainties in the global business environment,” the automaker…
(Bloomberg) — Asian equities climbed, aided by signs of a stabilization in China’s economy and a retreat in the dollar. Most Read from Bloomberg Shares in Hong Kong and Australia advanced following data that showed China recorded the highest retail sales growth in eight months. Japanese benchmarks gained about 0.8%, supported by weakness in the yen. US contracts slipped. A gauge of the dollar halted a five-day gain that was helped by Federal Reserve Chair Jerome Powell’s comments that the central bank will be in no rush to cut interest rates. US two-year yields were little changed. “We think a…
By Jarrett Renshaw WASHINGTON (Reuters) -President Joe Biden heads to South America on Thursday for a curtain call with global leaders after over 50 years in U.S. politics, but the man he tried and failed to keep from returning to power is likely to be the focus of many meetings: incoming President Donald Trump. Biden will hold private meetings with Chinese President Xi Jinping and the heads of Japan, South Korea and Brazil during the summits of the Asia-Pacific Economic Cooperation, or APEC, in Peru and the Group of 20 leading economies, or G20, in Brazil. The meetings over six…
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let’s see what these Wall Street heavyweights think about IonQ, Inc. (IONQ). IonQ currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by five…
LATHAM, N.Y.—Sanjeev Bahl, Chief Operating Officer of Latham Group, Inc. (NASDAQ:SWIM), recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The transaction, which took place on November 11, involved the sale of 11,750 shares at prices ranging from $5.90 to $5.94, totaling $69,376. In addition to the sale, Bahl also acquired 25,904 shares through a stock appreciation right exercise, priced at $3.24 per share. Following these transactions, Bahl holds 262,811 shares directly. Latham Group, a leading manufacturer of in-ground residential swimming pools and pool accessories, continues to see active trading from…
Adobe Firefly, Tyler Le/BI Stock market gains will slow as key drivers like valuations and rates hit extremes, David Rosenberg said. He said operating earnings would need to surge to fuel further market gains. “There are few drivers left to keep the equity party going,” Rosenberg said. The main drivers of significant stock market gains over the past three decades are nearing extremes, suggesting future returns will be significantly lower. That’s according to economist David Rosenberg, who warned clients in a note on Wednesday to prepare for a period of limited appreciation in US equities. “There are few drivers left…
IRVINE, Calif., Nov. 14, 2024 /PRNewswire/ — TCL, a pioneer in display technology across feature-rich smartphones, tablets, and connected devices, is proud to announce its TCL 50 PRO NXTPAPER 5G smartphone has been honored with a CES 2025 Innovation Award for Mobile Devices. The recognition exemplifies TCL’s commitment to humanize technology and deliver innovative products optimized for the user experience. This marks the second year in a row TCL has been recognized by the CTA for its mobile products. Last year, the TCL 40 NXTPAPER smartphone was also named a CES 2024 Innovation Award honoree in the Mobile Devices category.…