Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Coca-Cola is launching the first alcoholic drink in its history with a canned liquor product in Japan.
The drinks giant will experiment with a canned beverage called Chu-Hi, made up of distilled Japanese drink shochu, sparkling water and flavoring.
"This is unique in our history. Coca-Cola has always focused entirely on non-alcoholic beverages, and this is a modest experiment for a specific slice of our market," said Jorge Garduno, president of Coca-Cola's Japan business unit, in a post on the company's website.
Japan is a fiercely competitive market, Garduno added, with Coca-Cola launching 100 products a year in the country. "Experimentation is almost like a day-to-day ritual here. You can't fall behind the rapid product cycle in Japan," he said.
The company's sodas only made up about 25 percent of product sales by volume in Japan in 2016, while tea made up 27 percent of Japan's overall beverage consumption in the same year.
Coca-Cola also owns Georgia Coffee in Japan, which it claims is the world's highest-grossing canned coffee drink, making more than $1 billion in annual sales. The country has a Food for Specified Health Uses (FOSHU) government certification, in light of its ageing population and fiber-fortified drink Coca-Cola Plus was FOSHU-approved in 2017.
Having certain drinks at particular times of day is more of an entrenched ritual in Japan than in other part of the world, said Khalil Younes, EVP of marketing and new businesses for Coca-Cola Japan, in a blog post. People might drink green tea with sushi, but opt for oolong tea with fattier Chinese food, for example.
Because of the nature of the Japanese drinks market, it's unlikely Chu-Hi drinks will launch in other countries, Garduno said. "While many markets are becoming more like Japan, I think the culture here is still very unique and special, so many products that are born here will stay here."