Walmart's exit raises questions about JD.com's future
SHANGHAI/Beijing, Aug 25 (Reuters): E-commerce retailer JD.com needs to convince investors of its relevance amid a stagnant Chinese e-commerce market, aggressive price war and now, the departure of Walmart, its biggest shareholder.Walmart announced this week a full exit from the Beijing-based e-commerce platform, selling off its $3.74 billion stake, which...
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Sunflower oil dethrones olive oil in Spain's kitchens as prices soar
MADRID, Aug 25 (Reuters): Sunflower oil has dethroned olive oil as king of the kitchen in Spain, the world´s largest olive oil producer, as rising prices force consumers to switch to cheaper options.Spaniards bought 107 million litres (28.3 million gallons) of all types of olive oil in the first half...
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Swiss chocolate maker halts production at Mexico plant
NEW YORK, Aug 25 (Reuters): Swiss chocolate maker Barry Callebaut said on Friday it had halted operations at one of its plants in Mexico after tests found that production at that site did not meet the company's quality standards.A spokesperson for Barry Callebaut, which is also one of the world's...
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Cotton hits one-month high on dollar slide
ICE cotton futures rose more than 2 per cent on Friday, hitting their highest level in a month, on lower US dollar and upbeat sentiment in wider financial and commodity markets, reports Reuters.Cotton contracts for December CTZ4 rose 1.74 cent, or 2.51 per cent, to 71.08 cents per lb at...
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