DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Treasury Wine - 1 Goldman Sachs - 1 Archishma Iyer - 1 Lisa Shumaker - 1 Diane Craft - 1 Sonali Paul - 1
Top related locs:
China Beijing Canberra Bengaluru
Top related orgs:
Treasury Wine - 1 Treasury - 1 Wine Estates - 1 Sunday China - 1 Thomson - 1

Search resuls for: "Sunday China"


2 mentions found


☆ Australia's Treasury Wine surges on hopes of China revival
  + stars: | 2023-10-23 | by ( Archishma Iyer | ) www.reuters.com   time to read: +2 min
SummaryCompanies China agrees to expedited review of wine import tariffsTreasury Wine gets set to rebuild China businessTreasury shares jump 5%Oct 23 (Reuters) - Australia's Treasury Wine Estates (TWE.AX) said on Monday it is well placed to rebuild its business in China, sending its shares up more than 5%, should Beijing's tariffs on Australian wine be removed as signalled by the two countries on the weekend. "Should tariffs be removed, these measures will be implemented sustainably and with the aim of growing the business in China," Treasury Wine, the world's biggest standalone winemaker, said in a statement. Treasury Wine used to make one-third of its profit in China but lost most of that business when Beijing imposed tariffs on Australian wine in 2021, after Canberra called for an inquiry into the origins of COVID-19. "If the tariffs are removed, we see this as a significant positive for the Australian wine export industry and specifically Treasury Wine," Goldman Sachs analysts said in a research note. Measures for reviving its China business would include shifting a portion of Penfolds Luxury from other markets back to China and rebuilding distribution for the Penfolds Australian entry-level luxury portfolios, the company said.
Persons: Treasury Wine, Goldman Sachs, Archishma Iyer, Lisa Shumaker, Diane Craft, Sonali Paul Organizations: Treasury Wine, Treasury, Wine Estates, Sunday China, Thomson Locations: China, Beijing, Canberra, Bengaluru
☆ Britain's Sunak boosts defence spending to try to silence critics
  + stars: | 2023-03-12 | by ( Elizabeth Piper | ) www.reuters.com   time to read: +4 min
With his government unveiling the update to Britain's national security and international policy, Sunak, on a visit to the U.S., will also set out an "ambition" to increase defence spending to 2.5% of gross domestic product in the longer term. He said his previous increases to defence spending showed he was a man of his word, and described the new commitments as a "strong and positive statement". COUNTERING CHINAMeeting U.S. President Joe Biden and Australian Prime Minister Anthony Albanese, Sunak will want to underline that the increase in spending will only bolster the AUKUS pact. Instead, Britain will seek to engage China and be robust in defending the things it cares about, he said. The island, increasingly concerned about the threat from China, was left out of the earlier document which was published in 2021.
0 next >>
Total: 2