Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.
Ultra Petroleum Corp. has been cratering all year, despite solid results, but there’s a good reason for investors to be worried …read more […]
U.S. stock indexes were little changed on Monday as investors weighed an escalating trade dispute between the United States and China, and a mixed bag of corporate results.
Tyson Foods Inc , the No. 1 U.S. meat processor, beat analysts’ quarterly profit estimates on Monday due to strong demand for beef, but executives warned that trade disputes were threatening the company’s pork and chicken businesses.
Laguarta starts on Oct. 3 and will be PepsiCo’s sixth CEO in its 53-year history. “Ramon Laguarta is exactly the right person to help build on @PepsiCo’s strong position and success. A 22-year veteran of PepsiCo, Laguarta oversaw global operations, corporate strategy, public policy and government affairs in his role as president. …read more […]
Aug.06 — Shawn Golhar, head of public policy research at Barclays and Michael Cohen, head of energy markets research at Barclays, discuss the United States reimposing sanctions against Iran related to the nation’s nuclear program. They speak on “Bloomberg Daybreak: Americas.” …read more […]
U.S. stocks opened slightly lower on Monday as investors focused on escalating trade tensions between the United States and China.
Laguarta starts on Oct. 3 and will be PepsiCo’s sixth CEO in its 53-year history. “Ramon Laguarta is exactly the right person to help build on @PepsiCo’s strong position and success. A 22-year veteran of PepsiCo, Laguarta oversaw global operations, corporate strategy, public policy and government affairs in his role as president. …read more […]
Shares in Linde dropped as much as 10 percent on Monday after the German industrial gases group’s planned $86 billion merger with U.S. rival Praxair was thrown into doubt by more demands from U.S. antitrust regulators.
Indonesia handed over to Malaysia on Monday a $250 million luxury yacht, impounded earlier this year as part of an international hunt for assets purchased with billions of dollars allegedly siphoned off from state fund 1Malaysia Development Bhd.
Aug.06 — Mike Kelly, global head of multi-asset at PineBridge Investment, discusses the warning from JPMorgan Chief Executive Officer Jamie Dimon that U.S. yields could reach 5 percent. He speaks on “Bloomberg Daybreak: Americas.” …read more […]
Stock markets struggled on Monday as fears of a further escalation in the U.S.-China trade conflict offset prospects for more bumper corporate earnings, and broader market sentiment remained fragile.
Will this hydrogen hopeful’s second-quarter results be able to electrify investors’ enthusiasm? …read more […]
RIYADH/OTTAWA (Reuters) – Saudi Arabia froze new trade and investment with Canada after Ottawa urged Riyadh to free arrested civil society activists, in the top oil exporter’s latest retort to Western criticism of its human rights record. The announcement carried on the official Saudi Press Agency caught diplomats in Riyadh off guard, a source with knowledge of the situation told Reuters, noting that both the Saudi and Canadian ambassadors were away on leave when it was made. …read more […]
PepsiCo Inc said on Monday Indra Nooyi would step down as its longtime chief executive officer, handing over the reins to company veteran Ramon Laguarta at a time the beverage maker navigates a shrinking global soda market.
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