"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Reports of tensions may have been sparked by Kraft Heinz's underperformance, and because of accounting problems at the packaged goods company.Investingread more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
SpaceX used its high speed boat called "Ms. Tree" to catch the nosecone its Falcon 9 rocket after Monday's launch.Investing in Spaceread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
PARIS, May 28 (Reuters) - Italy's largest coffee group Lavazza has no plans for a market listing and is focused instead on organic growth and integrating companies bought last year, its vice-president told Reuters.
Lavazza, which wants to generate 70% of group revenue outside Italy by 2021, views the United States, France, Germany, Britain, Australia, Russia and Poland as key regions for future expansion, Giuseppe Lavazza said on Tuesday.
With revenue of just under 2 billion euros ($2.2 billion), Lavazza remains well behind industry leaders Nestle, JAB Holdings and Starbucks. It has long been suggested as a possible candidate for an IPO.
But while he would not rule out a stock market listing at a later date, Lavazza said a flotation was not on the cards.
"For now, our projects are already well funded through our internal resources. A listing is always a possibility but it's not on the radar, not even on the medium-term radar," he said.
Asked about acquisitions, Lavazza told reporters at an event on the sidelines of the French Open tennis tournament: "Nothing is on the table for now. 2019 will mostly be a year dedicated to organic growth and integrating companies we bought last year."
The 124-year-old company, founded by Luigi Lavazza in Turin, has grown through overseas acquisitions in recent years, gradually reducing its reliance on Italy, which accounted for 36 percent of group sales in 2018.
Asked if a bond might be used to fund further growth, Lavazza said: "If it was necessary to do something very important, of course we would consider all financial tools available." ($1 = 0.8935 euros) (Reporting by Dominique Vidalon; Editing by Alexander Smith)