HAVANA/ HOUSTON, May 9- Cuban exports of refined oil products fell about 97 percent between 2013 and 2016, according to a United Nations trade report released this week, reflecting falling supplies from its political ally Venezuela. Cash-strapped Cuba reported its exports of goods, such as oil products, nickel, sugar, tobacco products and pharmaceuticals, fell...
E-cigarette users are shunning tobacco but vaping rules are set to tighten.
LONDON, May 3- Britain's Imperial Brands, the fourth-largest international tobacco company, remains committed to its pursuit of e-cigarettes as the best alternative to smoking, but could pivot quickly with a heated tobacco product within months if proved wrong, a senior executive said on Wednesday. So far Japan is the most developed market for heated tobacco...
Hunter's bill, which was reviewed by Reuters, would exempt vaping devices from many of those rules, including a requirement that new products be reviewed and authorized by the FDA before being sold. The bill adds momentum to a series of legal and legislative efforts by tobacco and vaping companies to derail the FDA rule, though it is unclear how much support it...
A California lawmaker wants to ban retailers from accepting coupons that lower the price of tobacco products.
LONDON, April 12- Britain's Supreme Court has denied the tobacco industry permission to appeal a new plain packaging law, meaning that from next month, as planned, all tobacco products sold in the United Kingdom will have dark brown packaging and no branding. The decision, announced by the court on Wednesday, is in line with an earlier decision made last year that...
Smoking is the root cause of one in 10 deaths worldwide – and half occur within just four countries, according to a new study.
LONDON, March 31- Philip Morris International said on Friday it has applied for pre-market approval of its iQOS heated tobacco product with the U.S. Food and Drug Administration. The world's largest international tobacco maker, owner of the Marlboro brand, said that if the FDA grants its request, its U.S. affiliate, Altria Group, would be responsible for selling...
JAKARTA, March 30- Indonesia's government has proposed issuing a decree to govern the domestic tobacco industry, a move that could sharply raise cigarette output in the world's fourth-most populous nation, after a bill outlining the changes was opposed by the health ministry and anti-smoking groups. Teten Masduki, the chief of staff for President Joko Widodo,...
RBC says Altria trades at 23 times forward earnings, which is a premium valuation versus the consumer staples industry average.
Global cigarette giants are shifting focus to new product categories as the smoking population declines.
Sales of Cuba's legendary cigars rose 5 percent last year to $445 million.
Jim Cramer says he had an epiphany for Philip Morris to remain dominant in the tobacco world.
Reynolds shareholders will receive $29.44 in cash and 0.5260 BAT shares for each of their shares under the terms of the deal.
The deal hit the "sweet spot" that benefits shareholders on both sides, Reynolds American Executive Chairman Susan Cameron says.
Previously unreported letters to the trade minister warn "discriminatory" and "protectionist" proposals would be a blow to its plans.
The World Health Organization says farmers face hurdles when switching from tobacco to alternative crops.
Crop diversification can lower smoking rates in low-income countries, but it's hard pitch to sell to farmers, according to the WHO.
Thomas Russo, Gardner, Russo & Gardner LLC parner, and Brian Milligan, Ave Maria Growth Fund co-manager, weigh in on Calpers' ban on tobacco investments.
The U.S. surgeon general on Thursday called for action to reduce the use of e-cigarettes among young people.