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Wang did not mention this timeframe, though Chinese state media has. Vice Commerce Minister Wang Shouwen told reporters that China and the United States would step up talks to remove the existing 25 percent tariffs (on some other products), but gave no timeframe. The White House said China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other products from the United States. It also said China has agreed to start purchasing agricultural products from U.S father of the bride cufflinks gold uk online. farmers immediately..
CAIRO (Reuters) – The United Arab Emirates said on Monday Doha’s decision to leave OPEC was a reflection of the decline of its influence father of the bride cufflinks gold uk online. “The political aspect of Qatar’s decision to quit OPEC is an admission of the decline of its role and influence in light of its political isolation,” Anwar Gargash, UAE minister of state for foreign affairs, said in a tweet. Doha, one of OPEC’s smallest oil producers but the world’s biggest liquefied natural gas (LNG) exporter, said earlier on Monday it was quitting OPEC from January to focus on its gas ambitions..
LONDON (Reuters) – Unilever (ULVR.L) is to buy GlaxoSmithKline’s (GSK.L) Horlicks nutrition business for $3.8 billion, boosting the Anglo-Dutch group’s position in India by adding the popular malted drink. The deal, announced on Monday, increases the consumer goods giant’s reach in one of the world’s fastest-growing economies and marks a notable addition to the portfolio by outgoing Chief Executive Paul Polman, who steps down in January. Even though many of Unilever’s recent acquisitions have focused on beauty and personal care products, buying Horlicks is a rare opportunity for Unilever to increase its scale in India, particularly in food and drinks father of the bride cufflinks gold uk online.
For GSK boss Emma Walmsley, it is a chance to further streamline operations and generate cash for increased investment in pharmaceuticals father of the bride cufflinks gold uk online. A few hours later, GSK announced it had agreed to buy U.S. cancer drug specialist Tesaro TSRO.O for $5.1 billion, marking a major biotech investment by the drugmaker. The Horlicks deal follows a competitive auction in which Unilever saw off rival Nestle (NESN.S), as well as earlier interest from Coca-Cola (KO.N). The transaction covers GSK’s health food and drinks portfolio in India, Bangladesh and 20 other predominantly Asian markets. The business has annual sales of around 550 million euros, primarily through the malt-based Horlicks and Boost brands..
Horlicks comfortably dominates the health-drinks market in India and Unilever is expected to try to give it a fresh lease of life, following a slowdown in recent years as urban Indian consumers turn to healthier, less-sugary alternatives father of the bride cufflinks gold uk online. Bernstein analysts have said the business’s growth slowed from 15 percent to 4 percent between 2013 and 2017, leading to lost market share, though management has indicated that performance has started to pick up in recent quarters. Srinivas Phatak, finance head of Unilever’s Indian unit, told reporters on Monday he expected the business to grow at a double-digit percentage rate in the medium term, boosting both earnings and profit margins. That would be well beyond Unilever’s overall sales growth, this year forecast at the bottom end of a 3-5 percent range..