Jessica Miller | March 22, 2013
Japan’s government is planning to start the sale of a part of its stake in Japan Tobacco, a step that affect the company’s stock as shareholders sold in advance of the $10 billion offering. Shares in the world’s third-biggest cigarette company dropped as much as 5.9 %, after Reuters documented that the sale would start in the approaching days. The offer, the greatest deal since the U.S. Treasury’s $20.7 billion sale of American International Group shares in September, occurs as Japanese equities float near their greatest levels during four years.
Jessica Miller | March 15, 2013
In the beginning of the 2013 year, Russian State Duma passed an anti-tobacco bill that will prohibit cigarette use in public areas, tobacco sales at kiosks and any smoking scenes in movies. The majority of Russians stand against a full ban on smoking in public places; however they will have less than a year still left to adapt to the new guidelines or quit once and for all.