Coca-Cola is making a big push into coffee

Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year. The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019. The drink, which blends Coke with coffee, has slightly less caffeine than a normal cup of coffee but more than a can of the soda. Coca-Cola Coffee contains less sugar than a Coke of the same size. Ready-to-drink coffee is the fastest growing segment in the coffee category,


Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year. The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019. The drink, which blends Coke with coffee, has slightly less caffeine than a normal cup of coffee but more than a can of the soda. Coca-Cola Coffee contains less sugar than a Coke of the same size. Ready-to-drink coffee is the fastest growing segment in the coffee category,
Coca-Cola is making a big push into coffee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: amelia lucas, yui mok, pa images, getty images
Keywords: news, cnbc, companies, coffee, revenue, consumers, making, billion, growth, big, quincey, push, company, growing, coke, cocacola


Coca-Cola is making a big push into coffee

Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year.

The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019.

“Coke Coffee was designed to reach consumers during specific occasions and channels like the mid-afternoon energy slump at work,” CEO James Quincey told analysts Tuesday.

The drink, which blends Coke with coffee, has slightly less caffeine than a normal cup of coffee but more than a can of the soda.

The move comes as consumers have shifted from drinking soda to choosing less sugary options, like bottled water and Coca-Cola Zero Sugar. Coca-Cola Coffee contains less sugar than a Coke of the same size.

The drink also allows the company to capitalize on a trend that is working: coffee. Ready-to-drink coffee is the fastest growing segment in the coffee category, growing 31% in 2016 and 2017, according to Mintel. Chilled coffee drinks such as cold brew are also growing in popularity with consumers. From 2013 to 2017, cold coffee grew at least 10% annually in the U.S., Mintel research found. The trend is less appreciated by European consumers, who tend to experiment less.

So far, Coke’s coffee business has largely been focused in Japan, where canned coffee has been popular in vending machines for decades. The Atlanta-based company’s Georgia Coffee brand has surpassed $1 billion in sales and expanded to other Asian countries.

Coke first tried to introduce coffee to its namesake brand back in 2006. The company discontinued the short-lived Coca-Cola Blak two years later.

In 2017, Coke took another whack at it, introducing Coca-Cola Plus Coffee in Australia. The following year, the company brought it to Asia for more tests after retooling the formula to heighten the coffee aroma.

“The early results are very promising, delivering incremental growth for the Coca-Cola brand with very little cannibalization,” Quincey told analysts in July.

The company also plans to start selling ready-to-drink Costa coffee products in European markets during the second quarter. Coke purchased the British coffee chain for $5.1 billion including debt and closed the deal in January.

“We’re in early days of working out exactly how we’re going to bring to life the synergy plans for greater revenue growth and profit growth,” Quincey said on CNBC’s “Squawk on the Street.”

Coke’s stock rose 2% in morning trading Tuesday after the company reported earnings and revenue that beat Wall Street’s estimates. The beverage giant earned 48 cents per share from continuing operations, beating the 46 cents per share expected by analysts surveyed by Refinitiv. Revenue rose 5% to $8.02 billion, topping expectations of $7.88 billion.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: amelia lucas, yui mok, pa images, getty images
Keywords: news, cnbc, companies, coffee, revenue, consumers, making, billion, growth, big, quincey, push, company, growing, coke, cocacola


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How India’s economy went from weak to fastest growing in the world

Indian voters are deciding on their next prime minister and one key issue that could sway voters is how much Prime Minister Narendra Modi has done with the country’s economy. India’s economy is the fastest growing large economy in the world. The United Nations expects India’s current population of 1.3 billion to keep growing and surpass China by 2024. A few years ago, Prime Minister Modi, promised to add 10 million jobs to help boost the economy. And GDP per capita, which is a measure of wealth


Indian voters are deciding on their next prime minister and one key issue that could sway voters is how much Prime Minister Narendra Modi has done with the country’s economy. India’s economy is the fastest growing large economy in the world. The United Nations expects India’s current population of 1.3 billion to keep growing and surpass China by 2024. A few years ago, Prime Minister Modi, promised to add 10 million jobs to help boost the economy. And GDP per capita, which is a measure of wealth
How India’s economy went from weak to fastest growing in the world Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: natalie zhang
Keywords: news, cnbc, companies, wide, prime, weak, world, modi, country, indias, china, growing, economy, fastest, voters, minister, went


How India's economy went from weak to fastest growing in the world

Indian voters are deciding on their next prime minister and one key issue that could sway voters is how much Prime Minister Narendra Modi has done with the country’s economy.

India’s economy is the fastest growing large economy in the world. The United Nations expects India’s current population of 1.3 billion to keep growing and surpass China by 2024.

However, the country is facing a few obstacles.

A few years ago, Prime Minister Modi, promised to add 10 million jobs to help boost the economy.

That hasn’t really happened. The unemployment rate now sits at a 45-year high. And GDP per capita, which is a measure of wealth across a country, lags behind rivals like China by a wide margin.

Can India keep growing at such a fast pace? And if it does, at what cost?


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: natalie zhang
Keywords: news, cnbc, companies, wide, prime, weak, world, modi, country, indias, china, growing, economy, fastest, voters, minister, went


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Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions


But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions
Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

Amazon’s relentless pursuit of growth in retail, cloud computing, advertising and consumer devices has put the company squarely in the sights of Washington lawmakers who are concerned about Big Tech’s growing influence over consumers. But rather than fiercely fighting every battle, Amazon looks like its ready to play nice.

In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) called out abusive business practices. And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions by Sen. Bernie Sanders (D-VT).

Amazon also confirmed to CNBC that it would soon start accepting cash at the Amazon Go cashierless stores as a growing number of cities and states push for laws that require all stores to serve the unbanked. It’s all part of a strategy to be more likable at a time when tech companies are drawing heat for behavior that looks increasingly anti-competitive.

“I believe Amazon has made the connection between likability and immunity from regulation,” said NYU business professor Scott Galloway, author of “The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google.”

This is a different company from the vigorously defensive, win-at-all-cost Amazon we’re used to seeing.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


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Taiwan condemns Beijing after Chinese jets cross maritime line

Taiwan on Sunday condemned what it called a “provocative” move by China after two Chinese fighter jets crossed a maritime border separating the two sides amid growing friction between Taipei and Beijing. Earlier on Sunday Taiwan scrambled aircraft to drive away the two Chinese planes, the self-ruled island’s defence ministry said. There was no immediate reaction from Beijing, which views Taiwan as a renegade Chinese province. China has repeatedly sent military aircraft and ships to circle Taiwan


Taiwan on Sunday condemned what it called a “provocative” move by China after two Chinese fighter jets crossed a maritime border separating the two sides amid growing friction between Taipei and Beijing. Earlier on Sunday Taiwan scrambled aircraft to drive away the two Chinese planes, the self-ruled island’s defence ministry said. There was no immediate reaction from Beijing, which views Taiwan as a renegade Chinese province. China has repeatedly sent military aircraft and ships to circle Taiwan
Taiwan condemns Beijing after Chinese jets cross maritime line Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: gallo images, orbital horizon copernicus sentinel data, getty images
Keywords: news, cnbc, companies, jets, cross, war, chinese, beijing, ministry, military, line, taiwan, regional, sent, maritime, growing, china, condemns, ships


Taiwan condemns Beijing after Chinese jets cross maritime line

Taiwan on Sunday condemned what it called a “provocative” move by China after two Chinese fighter jets crossed a maritime border separating the two sides amid growing friction between Taipei and Beijing.

Earlier on Sunday Taiwan scrambled aircraft to drive away the two Chinese planes, the self-ruled island’s defence ministry said.

China’s move had “seriously impacted regional safety and stability,” the ministry said in a statement.

There was no immediate reaction from Beijing, which views Taiwan as a renegade Chinese province.

Huang Chung-yen, a spokesman for Taiwan’s Presidential Office, said Beijing “should stop behaviour of this sort, which endangers regional peace, and not be an international troublemaker.”

President Tsai Ing-wen had urged the army “to complete all tasks on war preparation,” he added.

China has repeatedly sent military aircraft and ships to circle Taiwan during drills in recent years and worked to isolate the island internationally, whittling down its few remaining diplomatic allies.

The United States last week sent Navy and Coast Guard ships through the Taiwan Strait, as part of an increase in the frequency of movement through the strategic waterway despite opposition from China.

Taiwan is one of a growing number of flashpoints in the U.S.-China relationship, which also include a trade war and China’s increasingly muscular military posture in the South China Sea.

China has never renounced the use of force to bring Taiwan under its control.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: gallo images, orbital horizon copernicus sentinel data, getty images
Keywords: news, cnbc, companies, jets, cross, war, chinese, beijing, ministry, military, line, taiwan, regional, sent, maritime, growing, china, condemns, ships


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Sonic is introducing a Red Bull Slush as energy drink market keeps growing

Next month, Sonic will start selling Red Bull Slushes at its more than 3,600 locations nationwide. Customers less keen on the taste of the energy drink can opt for a Cherry Limeade Red Bull Slush for the same caffeine boost. As part of its partnership with Red Bull, the Inspire Brands subsidiary will also sell cans of the energy drink at its locations. Sonic’s competitors Carl’s Jr. and Hardee’s previously teamed up with Monster, while regional chain Steak ‘n Shake sells Red Bull in its location


Next month, Sonic will start selling Red Bull Slushes at its more than 3,600 locations nationwide. Customers less keen on the taste of the energy drink can opt for a Cherry Limeade Red Bull Slush for the same caffeine boost. As part of its partnership with Red Bull, the Inspire Brands subsidiary will also sell cans of the energy drink at its locations. Sonic’s competitors Carl’s Jr. and Hardee’s previously teamed up with Monster, while regional chain Steak ‘n Shake sells Red Bull in its location
Sonic is introducing a Red Bull Slush as energy drink market keeps growing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: amelia lucas, source
Keywords: news, cnbc, companies, size, bull, slush, market, introducing, red, keeps, drink, energy, nationwide, sonic, soda, growing


Sonic is introducing a Red Bull Slush as energy drink market keeps growing

For the first time in its history, Red Bull is coming to a nationwide restaurant chain.

Next month, Sonic will start selling Red Bull Slushes at its more than 3,600 locations nationwide. Customers less keen on the taste of the energy drink can opt for a Cherry Limeade Red Bull Slush for the same caffeine boost.

Sonic’s Chief Market Officer Lori Abou Habib said that the company had been working on adding an energy drink option to its menu for several years, but realized that it needed a strong brand name to get consumers interested. As part of its partnership with Red Bull, the Inspire Brands subsidiary will also sell cans of the energy drink at its locations.

While soda consumption has been declining in the U.S. as consumers opt for less sugary options, energy drinks have largely managed to buck the trend. Privately owned Red Bull is the market leader both globally and in the U.S., while Monster, which has a market value of $29.7 billion, nips at its toes, according to Euromonitor data.

Sonic’s competitors Carl’s Jr. and Hardee’s previously teamed up with Monster, while regional chain Steak ‘n Shake sells Red Bull in its locations.

The amount of the energy drink in each Slush is proportional to the size that a customer orders. Ordering the smallest size means two ounces of Red Bull, while ordering a Route 44 — a 44-ounce Slush — means the entire can gets poured in. And because Red Bull is only available in a can, not on tap or in a soda fountain, Sonic employees will actually be cracking open cans to make the new product.

The Red Bull Slush will launch nationwide April 29. Sonic’s Happy Hour deal will not apply.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: amelia lucas, source
Keywords: news, cnbc, companies, size, bull, slush, market, introducing, red, keeps, drink, energy, nationwide, sonic, soda, growing


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A growing list of companies from FedEx to BMW are warning about the world economy

Corporate giants doing business abroad are painting a dreary picture of the world’s economy. With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, some business leaders say it’s harder than ever to rake in profits. This week, top executives at FedEx, BMW, UBS and others described bleak global business conditions while discussing quarterly results. The multinational package delivery service reported sluggish intern


Corporate giants doing business abroad are painting a dreary picture of the world’s economy. With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, some business leaders say it’s harder than ever to rake in profits. This week, top executives at FedEx, BMW, UBS and others described bleak global business conditions while discussing quarterly results. The multinational package delivery service reported sluggish intern
A growing list of companies from FedEx to BMW are warning about the world economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: kate rooney, stefan wermuth, bloomberg, getty images, luke sharrett, mark schiefelbein, afp
Keywords: news, cnbc, companies, companies, quarterly, ongoing, conditions, global, business, bmw, international, worlds, growing, economy, trade, list, revenue, world, fedex, warning


A growing list of companies from FedEx to BMW are warning about the world economy

Corporate giants doing business abroad are painting a dreary picture of the world’s economy.

With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, some business leaders say it’s harder than ever to rake in profits.

This week, top executives at FedEx, BMW, UBS and others described bleak global business conditions while discussing quarterly results. Fitch Ratings also “aggressively” cut its forecast for the year.

The head of UBS was among the latest to blame the world’s backdrop for weaker-than-expected results. CEO Ermotti told a conference in London on Wednesday that it “one of the worst first-quarter environments in recent history,” Reuters reported. The Swiss bank slashed another $300 million from 2019 costs after revenue at its investment bank plunged. Investment banking conditions are among the toughest seen in years, especially outside the U.S., he said.

Ermotti’s remarks echo the sentiment from FedEx a day earlier. The multinational package delivery service reported sluggish international revenue on Tuesday as a result of tough exchange rates and ongoing trade battles.

“Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue,” Chief Financial Officer Alan B. Graf Jr. said in FedEx’s quarterly earnings report.

BMW is another with a less-than-rosy outlook. The German automaker said it expected pretax profit to fall by more than 10 percent in 2019, and its CFO said global conditions make it hard to provide a clear forecast.

“Depending on how conditions develop, our guidance may be subject to additional risks; in particular, the risk of a no-deal Brexit and ongoing developments in international trade policy,” CFO Nicolas Peter said in BMW’s quarterly earnings report Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: kate rooney, stefan wermuth, bloomberg, getty images, luke sharrett, mark schiefelbein, afp
Keywords: news, cnbc, companies, companies, quarterly, ongoing, conditions, global, business, bmw, international, worlds, growing, economy, trade, list, revenue, world, fedex, warning


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Europe turns its concerns to China’s growing clout as Xi visits

“To safeguard against potential serious security implications for critical digital infrastructure, a common EU approach to the security of 5G networks is needed.” That has given China maximum leverage in negotiating with EU member countries, almost exclusively on a bilateral basis. During the Cold War, the European Union and the United States achieved a far more elaborate and coherent approach in response to a far less resourceful competitor. The European Union needs a coherent strategy toward C


“To safeguard against potential serious security implications for critical digital infrastructure, a common EU approach to the security of 5G networks is needed.” That has given China maximum leverage in negotiating with EU member countries, almost exclusively on a bilateral basis. During the Cold War, the European Union and the United States achieved a far more elaborate and coherent approach in response to a far less resourceful competitor. The European Union needs a coherent strategy toward C
Europe turns its concerns to China’s growing clout as Xi visits Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: fred kempe, michele tantussi, getty images
Keywords: news, cnbc, companies, eu, week, united, member, visits, approach, chinas, turns, clout, china, states, xi, growing, europe, european, union, concerns, members


Europe turns its concerns to China's growing clout as Xi visits

Chinese President Xi Jinping will visit Italy and France next week amid a European Union firestorm over the dangers of rapidly growing Chinese trade and investments – particularly regarding next-generation telecom technology – and intensifying divisions among its members about how to deal with them.

Western media coverage has understandably focused on the unfolding Brexit drama in London, where British lawmakers failed to agree on a viable path forward. However, what went under-reported was that at the same time the EU took its most significant steps yet – though belated and insufficient – to address China’s increasingly assertive and state-subsidized push into Europe.

After months of study, the European Commission released its “EU-China: Strategic Outlook,” included the clearest and toughest language yet toward China in an EU document. After years of a more benign approach to Beijing, it branded China as “an economic competitor in the pursuit of technological leadership, and a systemic rival promoting alternative models of governance.”

That marks a major shift in thinking ahead of next Thursday’s EU Council meeting in Brussels, bringing together all 28-member country leaders to discuss China the day before Xi lands in Rome. Although the document is couched in diplomatic language, calling upon the EU to “deepen its engagement with China to promote common interests at a global level,” its message is unmistakable on critical infrastructure and Europe’s tech base.

“5G networks will provide the future backbone to our societies and economies, connecting billions of objects and systems, including sensitive information and communications technology systems in crucial sectors,” it says. “To safeguard against potential serious security implications for critical digital infrastructure, a common EU approach to the security of 5G networks is needed.”

To achieve that, the Commission said it will lay out a path following the EU Council meeting. What’s unclear is how effective any approach would be, which would require buy in from 28 nations – 27, if Brexit goes through – which view China through vastly differently lenses.

The challenge is that China for some time has executed a clear plan that has put Europe increasingly at the heart of its global political and economic strategy while Europe has lacked any unified policy of approach of its own. That has given China maximum leverage in negotiating with EU member countries, almost exclusively on a bilateral basis.

Even worse, instead of joining in common cause regarding China, the United States and European Union have been bickering over trade and a host of other issues, from Iran to defense spending. During the Cold War, the European Union and the United States achieved a far more elaborate and coherent approach in response to a far less resourceful competitor.

Greater coordination inside Europe and across the Atlantic could bring considerably more leverage to the negotiating table. The combined EU-US GDP in 2017 of more than $36 trillion was nearly triple that of China, and even the EU GDP alone of more than $17.3 trillion eclipses the $12.2 trillion of Beijing. Instead, China comes to the table with the full weight of six times more GDP than that of Italy, which next week could become the first G-7 member state to endorse China’s Belt and Road Initiative.

China has had similar leverage in the Balkans, where the European Union and the United States have had increased concerns through its heavy investments through its 16+1 format that groups 11 Central European members of the EU with five non-EU members who may over time become candidates – Albania, Bosnia and Herzegovina, Macedonia, Montenegro and Serbia.

Johannes Hahn, the EU commissioner responsible for enlargement, recently expressed concern that the EU “overestimated Russia and underestimated China” in the Balkans. What concerns him is that heavy borrowing from China among the region’s countries could imperil their already weak economies – and more than half the $9.4 billion in Chinese investments in the region in 2016 and 2017 went to the non-EU countries of this group.

The more immediate concern next week comes in Italy, where the government may sign a leaked memorandum of understanding with China regarding its Belt and Road Initiative, and cooperate in the development of “roads, railways, bridges, civil aviation, ports, energy and telecommunications.”

Italy wouldn’t be the first EU country to sign a BRI deal with China, but it has attracted the most attention because it would be the largest to do so, it is a founding member of the EU, and it is a member of the G7. The agreement would also happen despite disagreements within the Italian government (the foreign ministry is reported to have been cut out) and misgivings among other EU countries. It would happen shortly before an EU-China leaders’ summit on April 9.

At a time when the U.S. should be working more closely with the EU to frame a unified transatlantic approach to China, the atmosphere is instead colored by mistrust.

European leaders worry about President Trump’s indications that he might change his approach toward Huawei as a security threat if China compromises on trade, including an intervention in the potential extradition and prosecution of the Huawei CFO.

The Germans chafed at a letter made public last week from U.S. Ambassador to Germany Richard Grenell to German Economy Minister Peter Altmaier. It stated that U.S. intelligence cooperation with Germany would suffer if the German government allowed Huawei into its 5G networks.

President Xi’s visit to Europe, and then again on April 9 for an EU Summit, should trigger what ought to have happened long ago. The European Union needs a coherent strategy toward China that will unite its members. The United States needs to develop a similar strategy of its own, then join transatlantic talks to galvanize democracies to confront what the EU itself called a “systemic rival.”

The urgent need for a common approach to China should, excuse the term, trump other transatlantic differences.

Frederick Kempe is a best-selling author, prize-winning journalist and president & CEO of the Atlantic Council, one of the United States’ most influential think tanks on global affairs. He worked at The Wall Street Journal for more than 25 years as a foreign correspondent, assistant managing editor and as the longest-serving editor of the paper’s European edition. His latest book – “Berlin 1961: Kennedy, Khrushchev, and the Most Dangerous Place on Earth” – was a New York Times best-seller and has been published in more than a dozen languages. Follow him on Twitter @FredKempe and subscribe here to Inflection Points, his look each Saturday at the past week’s top stories and trends.

For more insight from CNBC contributors, follow @CNBCopinion on Twitter.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: fred kempe, michele tantussi, getty images
Keywords: news, cnbc, companies, eu, week, united, member, visits, approach, chinas, turns, clout, china, states, xi, growing, europe, european, union, concerns, members


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Challenges are rising for Asian private equity investors: Bain & Co

The outlook for Asia Pacific private equity deal making is growing increasingly gloomy, according to Bain & Company. The global management and consulting firm said Friday that fundraising fell sharply last year and worries are rising about overheating investment in Chinese innovation. On top of that, U.S.-China trade tensions, rising interest rates and growing competition among large and small funds are worrisome headwinds, Bain said Friday in its Asia Pacific Private Equity Report 2019. In part


The outlook for Asia Pacific private equity deal making is growing increasingly gloomy, according to Bain & Company. The global management and consulting firm said Friday that fundraising fell sharply last year and worries are rising about overheating investment in Chinese innovation. On top of that, U.S.-China trade tensions, rising interest rates and growing competition among large and small funds are worrisome headwinds, Bain said Friday in its Asia Pacific Private Equity Report 2019. In part
Challenges are rising for Asian private equity investors: Bain & Co Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: kelly olsen, rawpixel, istock, getty images, -kiki yang, co-head of asia pacific private equity at bain
Keywords: news, cnbc, companies, private, asian, increasingly, rising, services, bain, pacific, economy, growing, challenges, online, chinese, investors, equity


Challenges are rising for Asian private equity investors: Bain & Co

The outlook for Asia Pacific private equity deal making is growing increasingly gloomy, according to Bain & Company.

The global management and consulting firm said Friday that fundraising fell sharply last year and worries are rising about overheating investment in Chinese innovation. On top of that, U.S.-China trade tensions, rising interest rates and growing competition among large and small funds are worrisome headwinds, Bain said Friday in its Asia Pacific Private Equity Report 2019.

In particular, it warned that private equity investors are increasingly on guard about China’s internet-based “new economy” sector, described as a “speculative bubble” that may burst.

The Chinese new economy is commonly defined as companies riding the wave of the expanding mobile internet, such as online shopping platforms and other web-based services including ride-hailing, food delivery and online financial services.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: kelly olsen, rawpixel, istock, getty images, -kiki yang, co-head of asia pacific private equity at bain
Keywords: news, cnbc, companies, private, asian, increasingly, rising, services, bain, pacific, economy, growing, challenges, online, chinese, investors, equity


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Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend

“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital


“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital
Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


Generali beats 2018 targets despite 'challenging' Italian market, raises dividend

Europe’s third-largest insurer said it would pay a dividend of 0.90 euros per share, up from the previous year’s 0.85 euros.

When it came to a potential European slowdown in 2019, however, Donnet said Generali was not concerned. He explained that people sought out the solutions Generali provided whether the economy was booming or lagging.

“Our business is very resilient, because when people do invest and the economy is growing, the property and casualty business is growing,” he said. “But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.”

However he noted heavy competition in its domestic market, especially with motor insurance, adding that it was “challenging.”

“In Italy and France, by the way, we had to face very important claims … which obviously had a significant impact on the operating result,” he added.

Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors.

“(Investors) do not struggle any more on this — we have demonstrated that we have a strong capital position. We have further increased our solvency ratio by 9 percentage points, so our exposure to BTPs is no longer an issue,” he told CNBC.

Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia.

Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. The headline has also been changed on this story to more accurately reflect Generali’s earnings release.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


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Asia trades mixed amid growing concerns over global growth

Asia Pacific markets traded mixed on Monday as investors remained cautious over a possible global economic slowdown after important data in the United States and China missed expectations last week. Chinese mainland shares traded up: The Shanghai composite gained 1.92 percent to 3,026.99 while the Shenzhen composite was up 3.89 percent at 1,667.81. The on-shore yuan was near flat at 6.7224 against the dollar, retreating from an earlier level of 6.7244. Indian stocks rose after the country on Sun


Asia Pacific markets traded mixed on Monday as investors remained cautious over a possible global economic slowdown after important data in the United States and China missed expectations last week. Chinese mainland shares traded up: The Shanghai composite gained 1.92 percent to 3,026.99 while the Shenzhen composite was up 3.89 percent at 1,667.81. The on-shore yuan was near flat at 6.7224 against the dollar, retreating from an earlier level of 6.7244. Indian stocks rose after the country on Sun
Asia trades mixed amid growing concerns over global growth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: saheli roy choudhury, seung-il ryu, nurphoto, getty images
Keywords: news, cnbc, companies, stocks, gains, amid, trades, mixed, concerns, traded, rose, oil, tokyo, shares, trade, reportedly, bank, growing, global, asia, growth


Asia trades mixed amid growing concerns over global growth

Asia Pacific markets traded mixed on Monday as investors remained cautious over a possible global economic slowdown after important data in the United States and China missed expectations last week.

Chinese mainland shares traded up: The Shanghai composite gained 1.92 percent to 3,026.99 while the Shenzhen composite was up 3.89 percent at 1,667.81.

The on-shore yuan was near flat at 6.7224 against the dollar, retreating from an earlier level of 6.7244. The People’s Bank of China is expected to ease monetary policy further to encourage lending as it seeks to support the country’s slowing economy. Its head, Governor Yi Gang, reportedly said on Sunday the central bank will not use the exchange rate to boost its exports or as a tool in trade frictions.

Japan’s Nikkei 225 see-sawed between gains and losses to finish up 0.47 percent at 21,125.09 while the Topix index added 0.57 percent to 1,581.44.

Nissan shares advanced 1.11 percent as the company’s former boss, Carlos Ghosn, is reportedly seeking permission from the Tokyo District Court to attend the automaker’s board meeting on Tuesday, Reuters said, citing a source.

Ghosn, the former Nissan chairman, was released from a detention center in Tokyo last week on $9 million in bail after being detained for more than 100 days on financial misconduct charges. He has called those charges “meritless.”

In South Korea, the Kospi was near flat at 2,138.10 while major indexes in Singapore and Malaysia struggled for gains in afternoon trade. Hong Kong’s Hang Seng index traded up 0.93 percent. Indian stocks rose after the country on Sunday announced it will hold parliamentary election in seven stages starting April 11. The Nifty 50 was up 1.09 percent while the Indian rupee traded around 69.91 to the dollar at 3:21 p.m. HK/SIN, strengthening from levels above 70.40 last week.

The ASX 200 in Australia fell 0.38 percent to 6,180.20 as most sectors declined. The energy sector was down 1.55 percent as oil stocks retreated: Shares of Santos were down 2.16 percent, Oil Search lower by 1.99 percent and Woodside Petroleum declined 1.73 percent.

Oil prices were under pressure on Friday following data that showed U.S. job gains came to a grinding halt in February while Chinese imports and exports last month slumped. The European Central Bank also slashed its growth outlook for the euro zone.

U.S. crude rose 0.66 percent to $56.44 a barrel on Monday afternoon during Asian hours while international benchmark Brent was up 0.58 percent at $66.12.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: saheli roy choudhury, seung-il ryu, nurphoto, getty images
Keywords: news, cnbc, companies, stocks, gains, amid, trades, mixed, concerns, traded, rose, oil, tokyo, shares, trade, reportedly, bank, growing, global, asia, growth


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