Profits at Ma Hong's spicy hotpot restaurant have been squeezed by about a fifth since he opened in downtown Beijing last year, crushed by beef tripe prices that have shot up by more than 50% and the surging costs of other key ingredients.
The euro was pinned to a five-week low on Wednesday and commodity currencies found support as prospects for peace in Ukraine darkened, while traders were bracing for volatility in the New Zealand dollar ahead of an expected rate hike.
Mexican bottler and retailer FEMSA announced on Tuesday its U.S. subsidiary Envoy Solutions reached an agreement to acquire the distributor Sigma Supply for an undisclosed amount.
Phillips 66 on Tuesday said Mark Lashier, its chief operating officer, will take over the fourth largest U.S. oil refiner from Chief Executive Greg Garland on July 1.
Swiss judges will deliver their verdict on Wednesday at the end of a trial of a former top banker and six others that has gripped the nation with allegations of fraudulent deals and huge strip club bills since it began in January.
Brazilian brewer Ambev SA is more concerned with improving return on invested capital than with its market share, said its Chief Executive Jean Jereissati Neto on Tuesday.
Phillips 66 said on Tuesday Greg Garland will step down as chief executive officer on July 1 after 10 years of being at the helm.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
