Economy

PepsiCo veteran Ramon Laguarta to replace Indra Nooyi as CEO

PepsiCo veteran Ramon Laguarta to replace Indra Nooyi as CEO Mrs Nooyi will continue as chairman of the board until early 2019. " Ramon (Laguarta ) has been a critical partner in running the company, and I'm confident he will take PepsiCo to new and greater heights in the years to come", she said of her successor. [Full Article...]

Trump is losing the trade war, according to his favourite measure

The Trump administration is weighing an additional round of tariffs on $200 billion of Chinese goods. While a strong US Dollar combined with a weaker Yuan will make many Chinese goods on the US market still highly competitive in terms of pricing in spite of tariffs, an equal and opposite effect is being felt by US producers whose warehouses of goods that would have normally been shipped off to... [Full Article...]

Oil prices edge up after Saudi output dips, U.S. drilling stalls

Oil prices edge up after Saudi output dips, U.S. drilling stalls Beijing , however, agreed not to increase purchases of Iranian crude, said the officials who spoke on condition of anonymity. "When we decide anything on Iran, we will inform you". She told CNBC with regards to the USA sanctions against Iran kicking in next week, "we're looking at tougher rhetoric and potentially tougher actions over August and September". [Full Article...]

Five dead in Southern California plane crash

Five dead in Southern California plane crash Los Angeles reported the plane went down around 12:30 p.m. local time. The plane was flying from Northern California and had been given approval to land at John Wayne after the pilot declared an emergency, said Peter Knudson, a spokesman for the National Transportation Safety Board , which is investigating along with the Federal Aviation Administration . [Full Article...]

RBS promises first dividend since financial crisis

RBS promises first dividend since financial crisis The bank , which was once the world's biggest, said at the release of its financial results for the first half of 2018 that will pay an interim dividend of two pence ($0.026) per share, pending the final settlement of a fine from the US Department of Justice relating to the historical sale of mortgage-backed securities. [Full Article...]

US trade deficit widens by $46.3 billion in June

US trade deficit widens by $46.3 billion in June Canada's trade deficit fell to Can$626 million ($482 million US) in June, according to official data released Friday, as the nation searched for new trading partners and eased its reliance on the United States . The unexpectedly strong overall performance boosted market expectations that the Bank of Canada could hike interest rates next month. But exports to non-U.S. [Full Article...]

WhatsApp to charge businesses for customer service messages

WhatsApp to charge businesses for customer service messages With this thing getting opening up, businesses across the board will now get a new kind of avenue to reach the customers. This is exactly what many feared when Facebook snapped up WhatsApp for over $22 billion in 2014. IDC's Group VP of Worldwide Telecommunications Research Courtney Monroe says WhatsApp is a powerful platform for businesses that want to enhance the customer experience. [Full Article...]

Oil steadies to trade higher after losses over past two days

Oil steadies to trade higher after losses over past two days On Tuesday, data released by the American Petroleum Institute showed US crude stockpiles to have risen by 5.59 million barrels in the week, compared to analyst expectations for a 2.8 million-barrel drawdown. An increase in total imports was driven by a $1.2 billion surge for crude oil in June. That's equivalent to about 11.21 million barrels a day. That compares with a forecast for a 3-million-... [Full Article...]

Strong manufacturing growth in July - Inside Logistics

Strong manufacturing growth in July - Inside Logistics July data pointed to the strongest increase in total new orders across the construction sector since May 2017. Civil engineering activity rose just moderately, although at a sharper rate than in June. The rate of employment growth was the fastest since December 2015. Purchasing activity also declined, which contributed to a reduction in stock levels. [Full Article...]

IAG quarterly profit rises on higher ticket prices

IAG quarterly profit rises on higher ticket prices International Airlines Group has seen profits for the six months to June 30th increase to €835 million, up 5.7 per cent on the same period a year ago. He said investor focus was also on the cost base. At current fuel prices and exchange rates, IAG still expects its operating profit for 2018 to show an increase year-on-year. [Full Article...]

Ryanair release strong statement blaming "handful" of Aer Lingus pilots for strikes

Ryanair release strong statement blaming Forsa announced the news earlier today after little progress had been made between trade unions and the airline. The notice came just one day after Ryanair offered a meeting with Forsa on next Tuesday morning under the conditions that no more strikes will be called by the union before the proposed meeting. [Full Article...]

Where Americans found jobs: Business services, factories

Where Americans found jobs: Business services, factories Economists had been expecting a far-stronger result of 190,000 new hires, but the July number looked smaller after strong upward revisions to gains in May and June. The unemployment rate ticked down to 3.9% from 4% as unemployment fell by 284,000 and the labor force rose 105,000 -way below the Fed's 4.5% estimate of the natural rate of unemployment. [Full Article...]

China's stock market falls to third place

China's stock market falls to third place This is unedited, unformatted feed from the Press Trust of India wire. That compares with $6.17-trillion in Japan. The Shanghai Composite Index has lost more than 16% this year to be among the world's worst performers, while the yuan has fallen 5.3% against the dollar. [Full Article...]

Delivery service Foodora to close down in weeks

Delivery service Foodora to close down in weeks In the second case , Australia's Fair Work Ombudsman has launched legal action against Foodora , accusing the company of sham contracting and underpayment. According to John Chessal, a deliver rider, Foodora's closing was "nice news. These people have rent, bills, and tuition fees to pay". Foodora has faced criticism from Australian unions about its operations in recent months, and is fac... [Full Article...]

Steve Jobs’ daughter has written a memoir about their complicated relationship

Steve Jobs’ daughter has written a memoir about their complicated relationship The excerpt, published in Vanity Fair's September issue , opens with a literary rendering of Jobs' final days, presided over by a Buddhist monk who instructed a visiting Lisa to "touch his feet". He publicly denied paternity, claiming that "28% of the male population of the United States could be the father" of Lisa Brennan-Jobs. "'You're not getting anything, ' he said". [Full Article...]

Tesla (NASDAQ: TSLA) - What Do Analysts' Recommend?

Tesla (NASDAQ: TSLA) - What Do Analysts' Recommend? Arrow Financial Corp sold 6,018 shares as Tesla Inc ( TSLA)'s stock declined 21.98%. The ATR may be used by stocks market technicians to get into and exit trades, and it is a helpful tool to add to a trading system. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Stryker Corporation (SYK ) c... [Full Article...]

US senators introduce Russia sanctions ‘bill from hell’

US senators introduce Russia sanctions ‘bill from hell’ A bipartisan group of senators has unveiled a comprehensive package of Russian Federation sanctions and measures to counter cybercrime, the latest attempt to push congressional leaders to intensify punitive measures against would-be election hackers ahead of November. [Full Article...]

Jaeger owner Philip Day mulls House of Fraser swoop

Jaeger owner Philip Day mulls House of Fraser swoop The investment was conditional upon House of Fraser closing around 31 of its 59 stores through a company voluntary arrangement (CVA), approved last month . Sales in its main shoe retailing business have slumped in the face of online competition, and the plan to buy control of House of Fraser had wiped out three quarters of its stock-market value. [Full Article...]

Shop assistant who ripped £58m lottery ticket in two recalls ‘honest mistake’

Shop assistant who ripped £58m lottery ticket in two recalls ‘honest mistake’ When the machine then told them to contact the UK National Lottery operators Camelot, the ticket was quickly retrieved from the bin. Mr Higgins, a retired Audi sales administrator, said even after the mix-up at the shop near the couple's home in Laurencekirk, Aberdeenshire, he had not realised quite how lucky he had been. [Full Article...]

Conor McGregor's Lawyer Hints At Date And Location For Khabib Fight

Conor McGregor's Lawyer Hints At Date And Location For Khabib Fight The target of that assault was none other than Nurmagomedov himself. McGregor won the lightweight strap after winning the featherweight title, but was ultimately stripped of both belts due to prolonged inactivity and failing to defend either belt. [Full Article...]


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