Inflation should ease more rapidly in Brazil after the government eliminated federal taxes on food staples and some toiletries, Finance Minister Guido Mantega said on Monday.
Diners looking for some beef hotpot on a chilly evening in Beijing pay more per pound than their counterparts in Boston, a discrepancy that shows the challenges China faces in reviving growth as inflation pressures make an untimely return.
McDonald's Corp said February sales at established restaurants around the world fell less than expected, giving investors hope that new chief executive Don Thompson's strategy is paying off, and lifting shares to an 11-month high.
Higher prices for Norwegian salmon led to record-high export values in February, but that couldn’t compensate for drops in herring, clipfish and salted fish, leading to an overall lower export value than in February of last year.
January production of edible nonfat dry milk was 143,401,000 lbs, down 9% from December and down 7% from January 2012, the U.S. Department of Agriculture said in its latest Dairy Products report.
Carrefour said it would boost capital spending to revive its struggling hypermarkets after 2012 profits fell 2.6 percent, depressed by falling demand in recession-hit Spain and Italy.
SunOpta Inc. has reported that revenues for the fourth quarter increased approximately 12% to $270.1 million as compared to $242.3 million in the fourth quarter of 2011.
The announcement coincides with Spanish discount retailer Grupo DIA entering the Top 100 of Global Retailers 2013, ranked No. 75 by Deloitte financial consulting, up from No. 131 in its previous study.
Net income for the Einstein Noah Restaurant Group, Inc. fell 4% to $12,741,000, equal to 75c per share on the common stock, in the year ended Jan. 1, down from $13,203,000, or 79c per share, in fiscal 2011.
With a new logo unveiled this week and restaurant revamps under way, the Wendy’s Co. predicts positive momentum from its brand transformation efforts during the coming year.
Net income at The Wendy’s Co. fell in fiscal 2012 despite a sharp increase in the fourth quarter due in part to a larger tax benefit, the company said.
US-based Neogen has developed rapid lateral flow tests for the detection of gliadin (gluten) and sesame that provide accurate results within five minutes after extraction.
