PARIS— France has reclaimed its crown as world's biggest wine producer after a poor 2014 harvest saw Italy's wine production plunge 15 percent. Italy, whose winemakers have out-produced France's for the last two years, will produce 44.4 million hectoliters of wine in 2014, according to figures released Thursday by the Paris- based International...» Read More
PARIS, May 13- The United States became the world's biggest market for wine last year, beating France into second place for the first time as consumption slides in the country long seen as its natural home and Americans develop a greater taste for it.
PARIS, May 13- The United States became the world's biggest wine market last year, beating France into second place for the first time as consumption slides in the country widely seen as the drink's natural home and Americans develop a greater taste for it.
PARIS, May 13- The United States became the world's biggest wine market last year, beating France into second place for the first time as consumption falls in the country widely seen as the drink's natural home.
SYDNEY, May 2- Treasury Wine Estates Ltd shares jumped more than 14 percent on Friday after French liquor giant Pernod Ricard SA reportedly said it was interested in buying the Australian company's troubled U.S. assets.
Companies and industries that rely on low-income spenders could see a boost to the bottom line thanks to rising wages in many American states.
L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.
If you couldn't be Don Draper on "Mad Men," you could at least drink like him, but now vodka is back as America's favorite.
As Coca-Cola unveiled its first processing plant in Myanmar, one analyst warned that the move into frontier markets could mean emerging markets are not as attractive to multi-nationals as they once were.
British grocery giant Tesco came to America nearly six years ago. Sadly for the British company, its invasion ended like the Revolutionary War.
The "astonishing" growth of the middle class in emerging markets is benefiting General Mills and creating jobs in the U.S., CEO Ken Powell told CNBC's "Street Signs" on Thursday.
One sector that is yet to be truly tapped in Africa is the brewing industry, according to research firm Bernstein Research, which believes it is probably the most attractive region for long-term profit growth for global brewers.
For many Americans, the improving economy has yet to take hold even as they hear about a stronger stock market and better jobs data.
Investors looking to move away from paper assets to something more tangible should consider fine wine, a specialist told CNBC on Wednesday, arguing that rare bottles have seen a steady rise in prices.