Business & Finance News
PepsiCo Inc reported a 2.4 percent rise in quarterly revenue on Tuesday due to higher sales growth in its Frito-Lay unit in North America that helped offset weak demand for beverages.
Airbus expects to sell a double-digit number of CSeries jets this year and sees demand for at least 3,000 of the planes over the next 20 years, said CSeries sales chief David Dufrenois.
Oil prices rose by more than $1 dollar per barrel on Tuesday due to growing global supply outages, with Norway shutting down one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months.
World shares hovered near three-week highs on Tuesday, supported by optimism about U.S. company earnings and expectations that global economic growth can withstand trade tensions, although political bickering kept British markets on the backfoot.
Takeda Pharmaceutical Co Ltd on Tuesday said it has received U.S. approval for its $62 billion acquisition of London-listed Shire Plc, taking the Japanese firm one step closer to its goal of becoming a global top 10 drugmaker.
Volkswagen has named Thomas Sedran to lead its commercial vehicles division, VW said on Tuesday, confirming media reports.
Thomas Sedran is to be named the new head of Volkswagen’s commercial vehicle division, a source close to the matter said on Tuesday.
China’s commerce ministry said on Tuesday it is raising “anti-dumping tariff rates” for some optical fiber products originating from the United States, effective on Wednesday, July 11.
The head of Fuji Xerox Co, the joint venture between Fujifilm Holdings Corp and Xerox Corp , said on Tuesday there would be no breakup of the joint venture despite an escalating dispute between the two companies.
Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day.
Asian shares reversed early gains on Tuesday as anxieties about the Sino-U.S. trade war recast their long shadow over investor sentiment, while several high-profile resignations from Britain’s government kept sterling on the defensive.
Japan’s Takeda Pharmaceutical Co Ltd said on Tuesday it received a key U.S. regulatory approval for its $62 billion deal to buy London-listed Shire Plc.
Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups.
SoftBank Group is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with U.S. firm Altaba to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit.
U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automotive market in response to a U.S.-China trade war.
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