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`No can do`, Heinz beans advert banned over safety fears

Tins of Heinz Baked Beans rest on a palette in the company’s factory in Wigan, Britain, May 21, 2009. REUTERS/Phil Noble/File Photo A Heinz television advert showing people drumming a rhythm on its baked bean cans has been banned by British regulators on safet... More »

Outlook dims for Singapore Inc as economy moonwalks

A man carrying an umbrella passes as storm clouds gather over Shell’s Pulau Bukom oil refinery in Singapore, December 17, 2014. REUTERS/Edgar Su/File Photo During Singapore’s full moon festival last month, employer John Kong was focused more on cost-cutting th... More »

Dutch firm Avantium to IPO to fund plastics from plants

Yoghurt by French foods group Danone is seen in this photo illustration shot in Strasbourg, April 15, 2015. REUTERS/Vincent Kessler/File Photo Dutch chemical technology firm Avantium will announce an initial public offering (IPO) this week to fund production o... More »

Fruit juice stunt turns sour for Ghana`s ruling party

New Patriotic Party (NPP) leader Nana Akufo-Addo speaks during a meeting to contest the presidential election results, at Kwame Nkrumah Circle in Accra December 11, 2012. REUTERS/Luc Gnago An attempt by Ghana’s ruling party to make fun of the main opposition c... More »

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Shanghai watchdogs fine OSI and unit over meat scandal

Market watchdogs in Shanghai have fined fast-food chain supplier Shanghai Husi Food Co and its U.S. parent OSI Group [OSIGP.UL] more than 24 million yuan ($3.6 million) for making and selling sub-standard products in a meat scandal two years ago, the Shanghai ... More »

GM mustard clears hurdle in India but more remain

An Indian scientist holds a genetically modified (GM) rapeseed crop under trial in New Delhi, India February 13, 2015. REUTERS/Anindito Mukherjee/File photo A government panel has cleared commercial use of what would be India’s first genetically modified (GM) ... More »

Bayer says will halt future U.S. sales of insecticide

CHICAGO The agricultural unit of German chemicals company Bayer AG will halt future U.S. sales of an insecticide that can be used on more than 200 crops after losing a fight with the U.S. Environmental Protection Agency, the company said on Friday. Bayer lost ... More »

Amazon to launch new private labels in coming weeks: WSJ

Amazon.com Inc will launch new lines of its private-label brands in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. The new brands with names like Happy Belly, Wickedly Prime and Mama Bear will include nuts, spices, ... More »

U.S. traders reject GMO crops that lack global approval

Across the U.S. Farm Belt, top grain handlers have banned genetically modified crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s biggest exporting country as a launchpad for new seeds from companie... More »

Vital to food output, bees and other pollinators at risk

OSLO Bees and other pollinators face increasing risks to their survival, threatening foods such as apples, blueberries and coffee worth hundreds of billions of dollars a year, the first global assessment of pollinators showed on Friday. Pesticides, loss of hab... More »

BHP’s boss faces $11 billion dilemma as prices languish

SYDNEY/LONDON The world’s largest miner BHP Billiton (BLT.L) (BHP.AX) is sitting on an $11 billion cash pile and what CEO Andrew Mackenzie does with the money will be a critical test of his ability to invest during the industry’s worst downturn in decades. Ann... More »

Nestle strikes e-commerce deal with Alibaba in China

ZURICH Nestle SA has agreed a partnership with Alibaba in China to grow online sales, build key brands and offer new products, the Swiss food group said on Tuesday. Nestle has introduced products including Nido milk powder, Damak chocolate and Nescafe Dolce Gu... More »

France reports new bird flu strain as outbreak spreads

PARIS France has detected the first cases of low pathogenic H5N3 bird flu and found more cases of highly infectious strains in an outbreak of the disease in the southwest of the country. Three cases of H5N3 bird flu were found at three different farms in the s... More »

Nestle spends $70 million on U.S. health science hub

ZURICH Nestle’s health science division is investing $70 million in a product technology center that will become the unit’s new U.S. headquarters and research hub, the division said on Friday. The Bridgewater, New Jersey center will further Nestle’s healthcare... More »

Glencore shares slump 10 percent to new record low

LONDON Glencore (GLEN.L) shares sank more than 10 percent to a new record low on Monday, with the mining and trading company’s drive to sell assets to cut heavy debts failing to soothe fears over slumping metals prices. Traders cited a bearish Investec note th... More »

YouTube to provide viewability of ads to advertisers: FT

Google Inc’s YouTube is planning to provide advertisers with data on how many of the ads on its internet video service can be seen by viewers, in response to advertiser complaints, according to the Financial Times. The online story, which cited unnamed people ... More »

Novartis to start human tests with Google lens in 2016

ZURICH Novartis plans the first human tests next year of a “smart” contact lens it is developing with Google designed to help restore the eye’s natural autofocus. “This project is progressing well,” Novartis Chief Executive Joe Jimenez told Swiss newspaper Le ... More »

Carlyle’s nominee on China Fishery’s board steps down

SINGAPORE Carlyle Group’s nominee on the board of China Fishery Group (CNFG.SI) has stepped down, a few months after the U.S. private equity firm declined to take part in the Singapore-listed company’s rights issue. Patrick Siewert resigned as a non-executive ... More »

Western companies look hard at China as growth slows

LONDON The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of th... More »

India court concludes hearing Maggi noodles case

MUMBAI An Indian court has concluded hearing a case filed by Nestle India challenging a local regulator’s report that Maggi instant noodles contained excess lead, a lawyer for the company said. The Bombay High Court will give a judgment at a later date, Rajesh... More »