Month: May 2019

PepsiCo Inc said on Monday that it plans to invest $4 billion in Mexico between 2019-2020 with partner Grupo Gepp and create around 3,000 new jobs.

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Japan’s SoftBank Group Corp is expected to report a small rise in its fourth-quarter profit, while investors look for details on whether the conglomerate plans to monetize its almost $100 billion Vision Fund through an IPO.

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Anadarko Petroleum Corp said on Monday that its board backed a $38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.

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Papa John International Inc’s founder John Schnatter is in talks with financial advisers for a possible sale of his stake in the company, a regulatory filing showed on Monday.

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U.S. stocks fell on Monday after President Donald Trump pledged to raise tariffs on Chinese goods, though Wall Street finished well off its session lows as some investors saw Trump’s comments as a bargaining tactic and expressed confidence in an eventual trade agreement.

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China backtracked on substantial commitments it had made during trade talks with the United States, prompting President Donald Trump to impose additional tariffs on Chinese goods slated to go into effect on Friday, top U.S. trade officials said on Monday.

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U.S. stock prices are “elevated” and business debt is at historic levels, but the financial system overall “appears resilient” with low levels of leverage and less of a destabilizing run in key markets, the Federal Reserve said in its latest report on financial stability.

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U.S. stocks fell on Monday after President Donald Trump pledged to raise tariffs on Chinese goods, though Wall Street finished well off its session lows as some investors saw Trump’s comments as a bargaining tactic and expressed confidence in an eventual trade agreement.

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China had backtracked on commitments in trade talks, prompting U.S. President Donald Trump to threaten additional tariffs over the weekend, but Washington would be willing to keep talking if the Chinese changed position, top U.S. trade officials said on Monday.

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China backtracked on commitments in trade talks and U.S. negotiators are recommending to President Donald Trump that Washington impose additional tariffs on Chinese goods if there is not an agreement by Friday, top U.S. trade officials said.

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U.S. President Donald Trump’s threat to increase tariffs on Chinese goods left prospects for a deal to end a trade war between the world’s two largest economies in limbo on Monday, casting uncertainty on plans for more talks this week.

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Insurer American International Group Inc reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business posted its first underwriting profit since the financial crisis.

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U.S. stocks fell on Monday after President Donald Trump threatened to raise tariffs on Chinese goods, though they pared much of their early losses as healthcare shares rose and some investors remained confident of an eventual trade agreement.

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Wall Street’s indexes and bond yields ended down but well above their session lows while oil futures settled higher as investors bet that U.S. President Donald Trump’s threats to raise tariffs on China would not materialize.

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