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In Brief

In Brief

Budweiser launched in Vietnam
U.S. brewer Anheuser-Busch continues to expand into Asia and is now launching Budweiser beer in Vietnam.
The St. Louis-based company on Monday announced an import and distribution agreement with the Gannon distribution Co., making Budweiser available in Vietnam starting early this month.
Initially, Budweiser will be available in bottles and cans in upscale bars, restaurants and supermarkets in Ho Chi Minh City and in select chain outlets across Vietnam. Anheuser-Busch holds a 48.5 percent share of the U.S. beer market.
Buffett wager
Billionaire Warren Buffett has wagered roughly US$320,000 of his own money that the S&P 500 will outperform a collection of hedge funds.
The bet covers a decade and says that all the fees, costs and expenses must be included.
Buffett's bet with the money managers who own Protege Partners LLC is spelled out on the Long Bets Web site. That group will hold the wager until the bet concludes at the end of 2017. The wager is invested in a bond so that the winner will be able to donate US$1 million to a charity at the end.
No tomatoes
McDonald's Corp said on Monday it has temporarily stopped serving sliced tomatoes on its sandwiches in the United States as health officials work to pinpoint the source of a salmonella outbreak.
"This is a precautionary measure only. McDonald's has not experienced any related issues to date," the company said in a statement.
The U.S. Food and Drug Administration on Saturday warned U.S. consumers that the salmonella outbreak was linked to the consumption of certain red round tomatoes.
Capital spending
Japan's core machinery orders, a key gauge of private-sector capital spending, rose a higher-than-expected 5.5 percent in April from the previous month, the government said yesterday.
The gain, which followed an 8.3 percent decline in March, was much bigger than the market's average forecast for an increase of 2.6 percent.
Machinery orders placed by the manufacturing sector in April rose 1.9 percent from the previous month and orders by non-manufacturers were up 8.8 percent, the cabinet office said.


Updated : 2021-05-12 07:48 GMT+08:00