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GARVIN WINERY REAPS REWARDS
August 17, 2007 11:00 pm
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  • China growth worries rattle Asian stocks, Aussie dollar
    Asian stocks stumbled to a five-week low on Monday after a batch of disappointing data out of China raised the specter of a sharp slowdown in the world's second-biggest economy. The Australian dollar, considered a liquid proxy for China plays, also took a hammering and slumped to a six-month low. Australia's S&P/ASX 200 index (.AXJO) shed 0.7 percent, while South Korea's KOSPI (.KS11) fell 0.4 percent. Data released on Saturday showed China's factory output grew at the weakest pace in nearly six years in August, while growth in other key sectors also cooled.
  • World waits for white smoke from U.S. Fed
    The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to ...
  • Heineken confirms, rebuffs SABMiller bid
    LONDON/AMSTERDAM (Reuters) - Dutch brewer Heineken HEIN.AS said on Sunday it was approached by larger rival SABMiller SAB.L about a potential takeover but that its controlling shareholder intended to keep the company independent. The maker of Heineken and Amstel beers said it consulted with its majority shareholder and concluded that SABMiller's proposal was "non-actionable". "The Heineken family has informed SABMiller, Heineken and Heineken Holding of its intention to preserve the heritage and identity of Heineken as an independent company," it said in a statement. The founding family owns just over 50 percent of Heineken via Heineken Holding HEIO.AS.

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