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Cuban rum could soon hit US shores after more than a half-century of embargo
2015-05-20 10:00:43| Beverages - Topix.net
French liquor behemoth Pernod Ricard could soon be the first to sell Cuban -made rum in the US after more than a half-century of being banned from doing so due to the trade embargo. With relations improving between the US and Cuba, Pernod's spiced Caribbean libation could soon come to US liquor stores and bars, and possibly challenge Bacardi International, which actually was founded in Cuba.
COLUMN-Shell-BG deal may be end point rather than harbinger: Russell
2015-05-20 06:30:46| Oil & Gas - Topix.net
There is a widespread assumption that weak commodity prices are likely to spark a wave of merger and acquisition activity as stronger companies seek to buy assets on the cheap. The $70 billion buyout of BG Plc by larger rival Royal Dutch Shell is generally viewed by investors and analysts as the first big deal in a likely series of major mergers and acquisitions in the resource sector.
Car prices in Vietnam likely to fall sooner than expected
2015-05-19 23:19:33| Automakers - Topix.net
For years Vietnamese automakers have been holding their breath, waiting for 2018 when cars imported from Southeast Asian countries will become cheaper than their local counterparts, thanks to the abolition of import duties under a regional free-trade agreement. With a recent increase in foreign investors' interest and a new trade deal with South Korea, the automakers find themselves already facing fierce competition which is likely to drive car prices sharply down.
European car sales rose nearly 7% in April as market recovers faster than expected
2015-05-19 13:50:14| Auto Dealers - Topix.net
European car sales rose a 20th consecutive month in April, bolstered by a reviving economy and new models from Renault, BMW and Fiat Chrysler Automobiles. Registrations in the EU and EFTA countries increased 6.9 percent from a year earlier to 1.21 million vehicles, the Brussels-based industry association ACEA, said in a statement today.
Minnesota's CEOs Get Paid 305 Times More Than You Do
2015-05-15 20:35:54| Beverages - Topix.net
The average working Minnesotan earns $46,000 annually. CEOs at publicly traded S&P 500 companies in the state get paid a mean $13.8 million -- or 305 times more than you do, according to the AFL-CIO's annual report on executive pay.
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