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Ivan Menezes, CEO of Diageo, says the austerity drive in China hit the company's high-end products, but adds that consumer momentum is returning in the world's second-largest economy.
Venezuela's currency controls give consumers cheap Scotch and Barbies, even as they struggle with shortages of staple products such as milk and medicine.
Some of Wednesday's midday movers:
Guinness plans to offer a series of limited-edition, luxury beers. Would you pay $35 for a bottle?
The "Fast Money" traders share their final trades of the day.
European shares closed lower on Thursday after trimming losses, tracking U.S. markets which partially recovered after visiting correction territory.
Investors, by and large, have ignored fundamentals in the ongoing selloff, five-star fund manager David Herro told CNBC on Thursday.
Select Japanese and European equities hold the greatest potential right now, Morningstar's Fund Manager of the Decade David Herro says.
Spirits maker Pernod Ricard reported full-year underlying profit growth of 2 percent, in line with expectations.
European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.
Diageo CEO Ivan Menezes, discusses the company's quarterly results and shares his thoughts on emerging market consumers.
Diageo posted weaker-than-expected earnings on Thursday, hurt by a slowdown in China and volatility in other emerging markets.
Ivan Menezes, CEO of Diageo, says despite weakness in China, the drinks company will continue to focus on the emerging markets.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
With demand growing, distillers are selling more whiskeys without an age noted. So much more matters when it comes to a good whiskey.
European shares closed flat on Monday, at the start of a week packed with important economic data.
Emerging markets got plenty of love from top mutual fund managers at the Morningstar Investment Conference in Chicago this week.
A battle between two liquor companies over who has the right to label their whiskey as following authentic Tennessee style.
Some of the names on the move ahead of the open.
Graeme Harlow, Managing Director for Southeast Asia at Diageo, introduces the inaugural "World Class Southeast Asia Final and Bar Show" in Singapore.