Australia's Treasury Wine warns weak China demand to hit profits
SYDNEY Jan 30 (Reuters) - Australia's Treasury Wine Estates Ltd, the maker of Penfolds and Beringer wines, downgraded its full year earnings guidance by almost a fifth on Thursday on weak demand in China and stiff competition in its home market.
The world's second largest wine maker said it expected operating earnings of between A$190 million to A$210 million
- IBM launches Watson system for research, hopes for breakthroughs
- Separatists say will allow 'trapped' Ukrainian forces to withdraw |
- California passes 'yes-means-yes' campus sexual assault bill
- In town halls, U.S. lawmakers hear voter anger over illegal migrants |
- Comedian Joan Rivers 'resting comfortably' at hospital |