LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Wal-Mart, Massmart to ready answer for South Africa
JOHANNESBURG (Reuters) - Wal-Mart Stores (WMT.N) and Massmart (MSMJ.J) said on Tuesday they planned to answer the South African government's appeal of their $2.4 billion dollar tie-up, but declined to make any immediate comment.
South Africa said it would push Wal-Mart to rejig the conditions of its 51 percent acquisition of Massmart, as Pretoria looks to wring bigger conditions from the world's top retailer.
The retailers declined to further comment, citing legal proceedings currently underway.
(Reporting by David Dolan)
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