WASHINGTON, June 5- Chinese meat company Shuanghui International's plans to buy U.S.-based pork producer Smithfield Foods Inc has some lawmakers worried the deal could create food safety issues for U.S. consumers.
DACHANG, China, June 6- With more money in their pockets, millions of Chinese are seeking a richer diet and switching to beef, driving imports to record levels and sending local meat firms abroad to scout for potential acquisition targets among beef farmers and processors.
WASHINGTON, June 5- The head of the U.S. Senate Agriculture Committee on Wednesday said she was concerned about the food safety implications posed by the proposed purchase of pork producer Smithfield Foods by Shuanghui International, a Chinese meat products company.
*Death toll at least 120, with 77 injured in hospital. DEHUI, China, June 4- Relatives of workers killed when fire engulfed a chicken processing plant in rural northeast China blocked traffic and scuffled with police on Tuesday, demanding answers to one of China's worst industrial disasters in recent years.
*Disaster is embarrassment for' modern' China, world's No.2 economy. DEHUI, China, June 4- Relatives of workers killed as fire engulfed a chicken processing plant in rural northeast China blocked traffic and scuffled with police on Tuesday, demanding answers to one of China's worst industrial disasters in recent years.
DEHUI, China, June 4- Relatives of workers killed as fire swept through a poultry slaughterhouse in rural northeast China blocked traffic and scuffled with police on Tuesday demanding answers to one of China's worst industrial disasters in recent years.
NEW YORK, June 2- A group of investors, including Chinese real estate tycoon Zhang Xin, paid about $1 billion for a 40 percent stake in a landmark New York office building, a person familiar with the deal said on Sunday, in the latest sign of how foreign investors are fueling a U.S. commercial real estate market recovery.
May 31- Washington may still be digesting news of China Inc's latest bold move into America with the nearly $5 billion takeover of Smithfield Foods Inc, but early indications are the deal will not inflame enough nationalistic opposition to kill it, and success could pave the way for more Chinese purchases.
May 31- Washington may still be digesting news of China Inc's latest bold move into America with the nearly $5 billion takeover of Smithfield Foods Inc, but early indications are the deal will not inflame enough nationalistic opposition to kill it, and success could pave the way for more Chinese purchases.
SHANGHAI/ BEIJING, May 30- In three decades, Wan Long has turned Shuanghui International Holdings from a small, loss-making meat processor into China's largest, and is making his country's biggest takeover of a U.S. company- the $4.7 billion acquisition of Smithfield Foods Inc, the world's leading pork producer.
HONG KONG, May 30- Shuanghui International Holdings Ltd's $4.7 billion agreed offer for Smithfield Foods Inc has injected life back into Asian M&A, and helped Morgan Stanley to claim the top slot in the advisory league table in the Asia-Pacific region as the mid-year benchmark approaches.
Japan's benchmark index skidded below the 14,000 mark to a one-month low on Thursday, weighed down by a strengthening yen and volatile Japanese government bond yields (JGBs). The session brought the benchmark's total losses to 14 percent since last Thursday's plunge.
*Smithfield shares trade close to $34/ shr offer price. HONG KONG/ NEW YORK, May 30- Shuanghui International Holdings is buying Smithfield Foods Inc, the world's biggest hog producer, for $4.7 billion to feed a growing Chinese appetite for U.S. pork, in a deal that has stirred concern among U.S. politicians.
HONG KONG, May 30- Hong Kong shares sank to their lowest in a month on Thursday, with the utilities sector joining a downward spiral in high yielding counters on fears that the U.S. At midday, the Hang Seng Index was down 0.5 percent, while the China Enterprises Index of the top Chinese listings in Hong Kong slid 1 percent.
HONG KONG, May 30- Charoen Pokphand Foods Plc, controlled by Thai billionaire Dhanin Chearavanont, said on Thursday it had considered bidding for Smithfield Foods Inc.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.