Market Flash

Carrefour CEO Alexandre Bompal has apologized to Brazil's Agriculture Minister Carlos Favaro for the group's recent statement that it will not sell meat from Mercosur.

On November 22, 2024, the Korea Food and Drug Safety Agency (MFDS) released a statistical report on norovirus poisoning in South Korea over the past five years. The main contents of the report are as follows:

In a recent business development, Yuhan Corporation, a well-known pharmaceutical company in South Korea, announced that it has entered into an important cooperation agreement with Gilead Sciences, a world-renowned biopharmaceutical company.

On November 22, after more than 20 days of sailing, the cargo ship OOCL NEW ZEALAND, carrying China’s first batch of RSPO-IP grade sustainable palm oil, successfully arrived at Shanghai Gaodong Port from Pasigudang, Malaysia to complete the unloading.

• Yihai Kerry

Major shareholders of Swiss skincare giant Galderma Group AG, including EQT AB, Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte, are selling a 6.7% stake worth about CHF1.28 billion ($1.45 billion)

• Galderma

Global mining giant Anglo American has reached a definitive agreement to sell its entire steelmaking coal business to Peabody Energy Corporation for a total cash consideration of up to $3.8 billion.

• Anglo American
• Peabody Energy Corporation

French investment company Wendel SE is considering selling its 68% stake in Stahl Holdings BV, a Dutch chemical manufacturer specializing in coatings and surface treatments for materials such as leather, plastics and textiles.

• Wendel
• Stahl

Solvay has announced the official start-up of the second biomass boiler at its soda ash and bicarbonate plant in Rheinberg, Germany, phasing out the plant’s use of thermal coal as an energy source.

• Solvay

According to the notification of Week 47 of 2024 published on the official website of the EU, the EU Rapid Alert System for Food and Feed category (RASFF) notified four cases of food and related products from China. Details of the notification are as foll

Recently, the relevant agencies of the South Korean Gyeongin Administration and the Busan Administration conducted a detailed inspection of many products in the market and found that many products were out of standard, involving kitchen utensils, food, ag

US President-elect Donald Trump has named veteran Wall Street figure Scott Bessent as his Treasury secretary, a decision that sent the dollar and US Treasury yields significantly lower amid expectations that he will moderate Trump's policy proposals.

Recently, the US Department of Commerce announced that it has made preliminary anti-dumping rulings on epoxy resins imported from China, India, South Korea, Thailand and Taiwan.

A Georgia recycling facility operator sued a battery manufacturer for mishandling lithium-ion batteries that led to a fire at a recycling facility, resulting in a $31 million judgment. Metro Site Fabricators filed a lawsuit against SK Battery America for

Shell plans to sell its Singapore plant and other related assets to Indonesia's Chandra Asri and Glencore Group, with the deal expected to close in the first quarter of 2025, a Shell spokesperson announced.

Recently, Sumitomo Chemical Corporation announced that thanks to sales revenue growth of about 5%, the first half of the fiscal year 2024-2025 ended September 2024, the company recorded a net loss of 6.5 billion yen, compared with the net loss of 76.3 bil

DHL Express and global energy giant Shell have signed a partnership agreement to jointly promote sustainable air freight at Brussels Airport. The one-year agreement involves the transport by pipeline of 25,000 tonnes of sustainable aviation fuel certified

Shepherd Color Company announces the continuation of a more than $40 million facility upgrade project in Cincinnati, Ohio.

• Shepherd Color

Gattefossé, a French supplier of natural pharmaceutical excipients and cosmetic ingredients to the global health and beauty industry, is continuing to invest in India, which the group sees as a key market for its expansion.

• Gattefossé

Hyosung Chemical Co. has failed to reach an agreement with a consortium of IMM Private Equity and STIC Investments Inc. to sell its specialty gas unit for 1.3 trillion won ($931 million).

• Hyosung

Lygos, Inc. has partnered with Acme-Hardesty to provide Lygos’ Soltellus line of biodegradable, water-soluble polymers to the personal care and home care markets.

• Lygos
• Acme-Hardesty