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Nestle revamp advances with $10 billion sale of skin health unit to buyout funds

4 days ago DieselGasoil Comments Off on Nestle revamp advances with $10 billion sale of skin health unit to buyout funds
ZURICH/FRANKFURT (Reuters) – Nestle has entered exclusive talks to sell its skin Health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.12 billion), as the food group shifts its portfolio in response to changing consumer demands. FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle Read More

Nestle in talks over $10 billion sale of skin health unit to EQT, ADIA

4 days ago DieselGasoil Comments Off on Nestle in talks over $10 billion sale of skin health unit to EQT, ADIA
ZURICH (Reuters) – Nestle SA has entered exclusive negotiations to sell its skin Health business to a consortium led by EQT Partners and Abu Dhabi’s ADIA in a deal worth 10.2 billion Swiss francs ($10.12 billion), it said on Thursday. FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle in Read More

French not amused by US pressure to withdraw Cannes award from ‘racist, misogynist’ Alain Delon

5 days ago DieselGasoil Comments Off on French not amused by US pressure to withdraw Cannes award from ‘racist, misogynist’ Alain Delon
US social justice activists incensed at the Cannes Festival’s intent to honor Alain Delon have started a petition to stop it, citing the legendary actor’s “close-minded” views. The festival, and the French public, were not amused. Cannes organizers have held firm in their intent to honor the actor, now 83, with a Palme d’Or for Read More

U.S. Treasury chief to plan for trade meeting in China soon: spokesman

6 days ago DieselGasoil Comments Off on U.S. Treasury chief to plan for trade meeting in China soon: spokesman
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin arrives outside the office of the U.S. Trade Representative for a second day of last ditch trade talks in Washington, U.S., May 10, 2019. REUTERS/Leah Millis/File Photo WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin will plan for another trade meeting in China at some point soon, a Read More

India not rushing to buy extra Saudi oil to offset lost Iranian supply

6 days ago DieselGasoil Comments Off on India not rushing to buy extra Saudi oil to offset lost Iranian supply
Just one Indian refiner has agreed to buy additional crude oil supply from Saudi Arabia to compensate for the loss of Iranian barrels, as India’s firms have been looking for months to diversify their crude sources. Mangalore Refinery and Petrochemicals (MRPL) is the only Indian refiner out of four state-held companies that had bought Iranian Read More

US sanctions could force Pakistan to ditch ‘Peace pipeline’ project with Iran

1 week ago DieselGasoil Comments Off on US sanctions could force Pakistan to ditch ‘Peace pipeline’ project with Iran
Pakistan has notified Iran that mounting US economic pressure makes it “impossible” to proceed with the massive Iran-Pakistan gas pipeline (IP) project, also known as the ‘Peace pipeline’. “We cannot risk US sanctions by going ahead with the project as America has clearly said that anybody who will work with Iran will also be Read More

China state media says three main differences remain in U.S. trade talks

1 week ago DieselGasoil Comments Off on China state media says three main differences remain in U.S. trade talks
China’s Vice Premier Liu He gestures to U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer outside the office of the U.S. Trade Representative following a morning round of negotiatioons on the second day of last ditch trade talks in Washington, U.S., May 10, 2019. REUTERS/Clodagh Kilcoyne BEIJING (Reuters) – Three main differences Read More

China, U.S. agree to hold more trade talks: Vice Premier Liu He

1 week ago DieselGasoil Comments Off on China, U.S. agree to hold more trade talks: Vice Premier Liu He
(Reuters) – China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He told Chinese state media in the United States on Friday, following a round of discussions in Washington which he described as “honest” and “constructive”. China’s Vice Premier Liu He exits the office of the U.S. Read More