(RTTNews) - U.S. food ingredients maker Ingredion Inc. (INGR) announced on Monday that it has agreed to buy British sweetener and food solutions firm Tate & Lyle Plc (TATE.L) in an all-cash deal that values Tate & Lyle at 3.7 billion pounds or $5.00 billion.
(RTTNews) - U.S. food ingredients maker Ingredion Inc. (INGR) announced on Monday that it has agreed to buy British sweetener and food solutions firm Tate & Lyle Plc (TATE.L) in an all-cash deal that values Tate & Lyle at 3.7 billion pounds or $5.00 billion.
China’s President Xi Jinping received a colourful welcome in Pyongyang as he began his two-day state visit to North Korea, his first in seven years. After landing at the airport, where Xi and first lady Peng Liyuan were welcomed by North Korean leader Kim Jong-un and his wife Ri Sol-ju with a handshake, the Chinese leader was escorted through the streets of Pyongyang by a nine-column motorcade to ...
China’s President Xi Jinping received a colourful welcome in Pyongyang as he began his two-day state visit to North Korea, his first in seven years. After landing at the airport, where Xi and first lady Peng Liyuan were welcomed by North Korean leader Kim Jong-un and his wife Ri Sol-ju with a handshake, the Chinese leader was escorted through the streets of Pyongyang by a nine-column motorcade to Kim Il-sung Square, the capital’s primary venue for parades and political events. There, at a formal...
XRP (CRYPTO: XRP) holders are, among other things, banking on the possibility that the XRP Ledger (XRPL) is going to capture a meaningful slice of the tokenized real-world asset (RWA) market and attract a lot of institutional capital to the network in the process. That market could be worth as much as $8 trillion by 2030, up from its value of $31.5 billion today. So when the on-chain data backing ...
XRP (CRYPTO: XRP) holders are, among other things, banking on the possibility that the XRP Ledger (XRPL) is going to capture a meaningful slice of the tokenized real-world asset (RWA) market and attract a lot of institutional capital to the network in the process. That market could be worth as much as $8 trillion by 2030, up from its value of $31.5 billion today. So when the on-chain data backing that story starts to slip badly, it's worth paying attention with a little bit of urgency. Two metrics in particular have flipped sharply bearish over the past 30 days, and if things don't improve soon enough, it'll threaten the idea that XRP is the coin to buy to get exposure to institutional positioning in the tokenization market. Here's what's happening and why it's concerning for holders. Image source: Getty Images. Continue reading
Tencent Holdings Ltd. is preparing to raise around $3 billion in a dual-currency bond offering that could be priced as early as Tuesday, according to people familiar with the matter. The Chinese technology and mobile gaming giant has secured regulatory approval to issue as much as $4.5 billion in offshore debt, though it may not use the full quota at this time, said other people who dialed into a ...
Tencent Holdings Ltd. is preparing to raise around $3 billion in a dual-currency bond offering that could be priced as early as Tuesday, according to people familiar with the matter. The Chinese technology and mobile gaming giant has secured regulatory approval to issue as much as $4.5 billion in offshore debt, though it may not use the full quota at this time, said other people who dialed into a deal roadshow Monday afternoon, citing company managers. If successfully priced, the deal would be Tencent’s first dollar bond issuance since 2021, and its second-ever dim sum bond sale, following its debut offering last year. The final size of the bond offering remains fluid and could change based on investor feedback, the people added. Tencent has hired investment banks for the proposed 10-year and 20-year dollar bond sale, alongside a 10-year and 30-year offshore yuan-denominated offering, according to another person familiar with the matter. Proceeds would be mainly for refinancing and general corporate purposes, the people added. The offering comes after Beijing’s recent decision to allow some top insurers to buy dim sum bonds via an expanded southbound investment program, stoking domestic appetite for yuan-denominated notes issued outside the mainland. Tencent didn’t immediately respond to a request for comment. Tencent Jumps After Report It’s Set to Launch WeChat AI Agent Tencent’s Revenue Miss Heightens Pressure for Faster AI Payoff Alibaba, Tencent Investors Look Past Slow Growth to AI Potential Top Chinese Insurers Start Buying Dim Sum Notes Via Bond Connect Tencent has $3.5 billion of debt including bilateral loans maturing this year, and $2.8 billion due next year, management said during the call. It has no public offshore bonds coming due in 2026, but does have a $2.5 billion note due in 2028, Bloomberg-compiled data show. Last month, Tencent reported its slowest revenue growth in six quarters, underscoring the urgency of its pivot to artificial intelligence. T...
Chinese President Xi Jinping started his first visit to North Korea since 2019 pledging “unwavering” friendship and deeper ties with a country that boasts a growing nuclear arsenal and increasing ties with Russia. “No matter how times change or how the international situation evolves, the friendship between China and North Korea remains invincible,” Xi said in an article published on Monday by Rod...
Chinese President Xi Jinping started his first visit to North Korea since 2019 pledging “unwavering” friendship and deeper ties with a country that boasts a growing nuclear arsenal and increasing ties with Russia. “No matter how times change or how the international situation evolves, the friendship between China and North Korea remains invincible,” Xi said in an article published on Monday by Rodong Sinmun, a state-run North Korean newspaper. The two countries should “strengthen exchanges at...
Goldman Sachs’ research illustrates that while the stock market is closer to a dangerous bubble than it was a few months ago, an overall assessment of risk indicators is not that alarming.
Goldman Sachs’ research illustrates that while the stock market is closer to a dangerous bubble than it was a few months ago, an overall assessment of risk indicators is not that alarming.
When Jeremy Clark entered his 40s, he started to feel anxious in the mornings. Deciding caffeine was the likely culprit, he began weaning himself off his usual multiple cups of coffee by going down to a single cup. He then moved to black tea, then green tea. Now most mornings he makes a chicory root latte, or occasionally orders a latte made from hojicha, a roasted Japanese green tea with low caff...
When Jeremy Clark entered his 40s, he started to feel anxious in the mornings. Deciding caffeine was the likely culprit, he began weaning himself off his usual multiple cups of coffee by going down to a single cup. He then moved to black tea, then green tea. Now most mornings he makes a chicory root latte, or occasionally orders a latte made from hojicha, a roasted Japanese green tea with low caffeine. The anxiety has declined “almost to negligible levels, so I think it was worth it,” says Clark, an engineering professor in Montreal. While plenty of Americans are emphatically unready to give up caffeine, many are experimenting with a new range of options beyond the traditional cup of hot java, paying heed to caffeine’s impact on their sleep, mood and energy level. Consumers are becoming more cognizant of “energy management” in their beverage choices, says Daniel Jhung, president of the coffee and beverage division of Nestlé USA. For many, this might mean drinking coffee in the morning, but going easy on caffeine in the afternoon. The average 8-ounce cup of coffee contains 96 milligrams of caffeine, according to the Mayo Clinic. Nestlé introduced a half-caffeinated Starbucks Coffee at Home House blend of its K-Cup pods in 2023, and late last year it brought out the retail version of Starbucks Refreshers Concentrates, which have the same amount of caffeine as green tea. Another option, Peet’s Middle Ground half-caffeine coffee and K-Cup pods, launched earlier this year. Formats are also shifting, as younger consumers embrace cold, canned beverages over hot coffee. That’s visible in the rapid growth of energy drinks, but also in less-supercharged options. Sales of refrigerated, ready-to-drink bottles of uncaffeinated coffee and tea were up almost 15% in the 52 weeks ending March 22, while sales of coffee beans and cocoa fell nearly 10%, according to data from Spins, a market researcher. Caffeine-free sodas were up 4.1% in dollar sales, while beverages labeled “decaf” g...
Venerable but struggling UK firm backs deal with Chicago-based Ingredion which puts nearly 500 jobs worldwide at risk Tate & Lyle has agreed to a £2.7bn takeover by its US rival Ingredion, in a deal that could put hundreds of jobs at risk and represents yet another loss for London’s struggling stock market. The FTSE 250 business, which makes artificial sweeteners such as Splenda, has agreed to a d...
Venerable but struggling UK firm backs deal with Chicago-based Ingredion which puts nearly 500 jobs worldwide at risk Tate & Lyle has agreed to a £2.7bn takeover by its US rival Ingredion, in a deal that could put hundreds of jobs at risk and represents yet another loss for London’s struggling stock market. The FTSE 250 business, which makes artificial sweeteners such as Splenda, has agreed to a deal that values it at 615p per share, about 60% above its price before news of a possible takeover emerged. Continue reading...