Asian Currencies Slip as Dollar Rebounds on Iran Sanctions 
SK Hynix Shares Fall as Workers Reject Wage Deal 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
Tesla Raises Cybertruck Prices by $5,000 in US 
Tokio Marine Eyes Multibillion-Dollar Suncorp Takeover 
BOJ’s Himino Signals Timely Rate Hikes as Inflation Risks Rise 
Asian Currencies Mixed as Dollar Holds Firm Ahead of Jackson Hole 
Japan Eyes Tax Changes to Curb Condo Speculation 
Australia Inflation Beats Forecasts, Raising RBA Rate Hike Risk 
US PCE Inflation Holds at 3.7% as Fed Rate Decision Looms 
Asian Stocks Slip Ahead of Nvidia Earnings and US Inflation Data 
Bathla Group Hires Administrators as Australia Housing Slump Deepens 
Asian Chip Stocks Mixed After Nvidia Earnings Beat 
Gold Prices Fall as Stronger Dollar, Fed Rate Outlook Weigh 
Hong Kong Home Prices Fall 0.5% in July, Ending Long Winning Streak 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
Add as a preferred source on Google
Kraft Heinz will renovate 45 percent of its brand portfolio by the end of this year, and 90 percent by 2022, to boost efficiency in handling the impending inflation.
The inflation is “manageable” for Kraft Heinz's as it’s been in the mid-single digits for its main commodities of cheese, coffee, and meat.
But the company would seek to invest $400 million by the year's end to make operations more efficient, said Carlos Abrams-Rivera, president of the US Zone at Kraft Heinz.
Abrams-Rivera noted that among the efficiencies that Kraft Heinz would be looking at is having more variety in packaging size, which could include larger sizes to bring better value for consumers and smaller ones that are cheaper.
In February, Kraft Heinz sold its Planters nuts unit and other nuts businesses to Hormel Foods for $3.35 billion to focus on other snack brands, like P3 and Lunchables.
It also sold part of its Cheese business to Lactalis for $3.2 billion in an effort to trim less popular products on its lineup.
