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Plumrose USA Plans To Build $200 Mln Ready-to-eat Facility
(RTTNews) - Plumrose USA, a packaged meat company and subsidiary of JBS USA, plans to construct a new, state-of-the-art Italian meats and charcuterie production facility. The value of the project is estimated at $200 million, JBS USA said in a statement. Plumrose USA has more than 85 years of experience providing premium bacon and a variety of deli products, and it currently operates six production facilities in Booneville, Miss., Elkhart, Ind., Council Bluffs, Iowa, Ottumwa, Iowa, and Swanton, Vt. The company was acquired by JBS USA in 2017.
Why It Might Be Time to Invest in Non-U.S. Stocks
By Dan Weil Updated Aug. 9, 2020 10:00 pm ET Foreign stocks have had a rough go of it compared with U.S. stocks over the past decade. That might be about to change. Stocks in foreign developed markets as well as emerging markets have greatly underperformed U.S. shares for years, pushing U.S. stock valuations far above foreign valuations. Even last year, when stocks were strong world-wide, the average U.S.-stock mutual fund or exchange-traded fund rose 28%, outpacing the average international-stock fund’s 23% advance, according to Refinitiv Lipper data. This year, U.S.-stock funds were down 2.1% on average through July and international-stock funds were down 5.5%. Now, the question is whether valuations, along with shifting global economic fundamentals, make foreign stocks an attractive investment—perhaps finally justifying the long-held advice that U.S. investors keep at least a portion of their portfolios in overseas shares or funds. Many investing professionals say the answer to that question is yes. “If you’re investing for the next 10 years, valuations are compelling to
Some office space could get permanently cut during the pandemic. Here's how companies will...
People stand along Victoria Harbour in the Tsim Sha Tsui district as Bank of China Tower, center left, and other buildings on Hong Kong island stand in Hong Kong, China. Justin Chin | Bloomberg | Getty Images Working from home has become the norm during the coronavirus pandemic, and Morgan Stanley predicts that office tenants across Asia will permanently give up between 3% and 9% of their existing office space. That will result in rent declining between 10% and 15% over the next three years, a recent report by the investment bank estimated. Big tenants from the financial and IT industries, which have well established business continuity plans or work-from-home infrastructure, could give up even more office space — at 10% over the next three years, said the report. Below is the projected rental impact from June 2020 to December 2022, according to the report which assessed the rental impact on key financial centers in Asia Pacific. Singapore: -10% decline. Year-to-date actual decline: -3% Tokyo: -9% decline. Year-to-date actual increase: +3% Hong Kong: -7% decline. Year-to-date actual decline: -13%. Sydney: -5%. Year-to-date actual decline: -2% Top 7 metropolitan cities in India: +5% increase. Year-to-date actual decline:
Mild Support Anticipated For Hong Kong Stock Market
(RTTNews) - The Hong Kong stock market has moved lower in back-to-back trading days, sinking almost 600 points or 2.4 percent along the way. The Hang Seng Index now rests just above the 24,530-point plateau and it's expected to remain in that neighborhood again on Monday. The global forecast for the Asian markets remains mired in uncertainty, balancing better than expected economic data, tumbling crude oil prices and continued uncertainty over stimulus. The European and U.S. markets were slightly higher and the Asian markets now look to open roughly flat. The Hang Seng finished sharply lower on Friday following losses from the properties, financials and oil and insurance companies. For the day, the index tumbled 398.96 points or 1.60 percent to finish at 24,531.62 after trading between 24,167.79 and 24,909.37. Among the actives, Tencent Holdings plummeted 5.04 percent, while CSPC Pharmaceutical plunged 2.60 percent, WH Group tanked 2.52 percent, AAC Technologies tumbled 2.00 percent, China Mengniu Dairy skidded 1.80 percent, CNOOC retreated 1.74 percent, China Life Insurance declined 1.73 percent, New World Development surrendered 1.67 percent, Sun Hung Kai Properties sank 1.56 percent, Hengan International jumped 1.28 percent, China Petroleum and Chemical (Sinopec) dropped 1.15 percent, Galaxy Entertainment climbed 1.13
Mild Support Anticipated For Hong Kong Stock Market
(RTTNews) - The Hong Kong stock market has moved lower in back-to-back trading days, sinking almost 600 points or 2.4 percent along the way. The Hang Seng Index now rests just above the 24,530-point plateau and it's expected to remain in that neighborhood again on Monday. The global forecast for the Asian markets remains mired in uncertainty, balancing better than expected economic data, tumbling crude oil prices and continued uncertainty over stimulus. The European and U.S. markets were slightly higher and the Asian markets now look to open roughly flat. The Hang Seng finished sharply lower on Friday following losses from the properties, financials and oil and insurance companies. For the day, the index tumbled 398.96 points or 1.60 percent to finish at 24,531.62 after trading between 24,167.79 and 24,909.37. Among the actives, Tencent Holdings plummeted 5.04 percent, while CSPC Pharmaceutical plunged 2.60 percent, WH Group tanked 2.52 percent, AAC Technologies tumbled 2.00 percent, China Mengniu Dairy skidded 1.80 percent, CNOOC retreated 1.74 percent, China Life Insurance declined 1.73 percent, New World Development surrendered 1.67 percent, Sun Hung Kai Properties sank 1.56 percent, Hengan International jumped 1.28 percent, China Petroleum and Chemical (Sinopec) dropped 1.15 percent, Galaxy Entertainment climbed 1.13
