President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Kraft Heinz CEO Bernardo Hees suggested Friday that the timing may soon be right for the ketchup giant's eagerly anticipated next acquisition.
"I think ... it's fair to say that valuations today are more attractive than they were even two months ago and the chapter of Kraft Heinz integration is behind us," Hees said.
He underlined that Kraft Heinz continues to be attracted to companies with strong brands, international reach and scale.
Kraft Heinz reported earnings and sales on Friday that missed expectations, as attention continues to swarm the company and questions continue to linger regarding its long-term strategy. Kraft Heinz, which is backed by 3G Capital, is a renowned cost-cutter that has left some impressed with its ability to squeeze profits, and others questioning whether it has capability to grow brands.
Its model has led most onlookers and investors to believe that Kraft Heinz can only grow through acquisitions, in which it can buy new fat to cut in order to increase its earnings.
But it has been more than two years since Kraft Heinz's last deal, its acquisition of Heinz in 2015. Kraft Heinz attempted to acquire Unilever early last year, but the deal leaked and Unilever appeared to be put off by Kraft Heinz's now infamous cost-cutting approach to management.
Kraft Heinz has in recent weeks been particularly vocal about its corporate strategies, including a "post integration business update" on its Kraft Heinz deal, in which the company focuses on its sustainability efforts, fight against world hunger and community efforts.
"What we see in this presentation [is a] sign that Kraft wants to transact, [but] can't find anyone that is willing to sell to it and now wants to re-invent its image so that sellers see it as a more hospitable landing spot," analysts at Gordon Haskett said Friday.
Kraft Heinz was trading at $68 a share on Friday, lows not seen since August 2015.