SINGAPORE, March 18 With sales stagnating and high rent and manpower costs eating away at his profits, Azan Tengku, the director of Singaporean gift company Kalms, decided to close down his stores and move all his products into vending machines.
FRANKFURT, March 17 Germany's family-owned Oetker Group has struck a deal to buy 50.67 percent of unlisted Spanish sparkling wine producer Freixenet S.A. and signed a cooperation agreement with the remaining shareholders.
CHICAGO/NEW YORK, March 17 When Toys 'R' Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11.
MEXICO CITY, March 16 Mexican Agriculture Minister Jose Calzada said on Friday he had stepped down to join the presidential campaign of Institutional Revolutionary Party (PRI) candidate Jose Antonio Meade.
NEW YORK, March 16 Coca-Cola Co and the U.S. State Department along with two other companies said on Friday they are launching a project using blockchain's digital ledger technology to create a secure registry for workers that will help fight the use of forced labor worldwide.
MUMBAI/BENGALURU Weaker demand in India prompted gold dealers to offer discounts for a second week straight, as a drop in local prices to 2-week lows and a festival failed to lure buyers.