As U.S. ‘superstar’ cities thrive, weaker ones get left behind
In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what seemed a preposterous direction and spent $600 million on a new convention center.
PepsiCo to buy South Africa’s Pioneer Food for $1.7 billion
PepsiCo has struck a deal to buy South Africa’s Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer’s shares and boosting a sector that has been hit by drought and tough trading conditions.
Fed rate cut bets lift stocks, dollar steadies
Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar.
Syngenta CFO says it faces no glyphosate lawsuits
Chinese-owned agricultural chemical maker Syngenta has not been named in litigation involving weed-killer ingredient glyphosate that has hit German rival Bayer , the Swiss-based company’s chief financial officer, Mark Patrick, said on Friday.
Bayer welcomes judge’s call for reduced damages in $2 billion glyphosate case
Germany’s Bayer AG welcomed on Friday a call by a U.S. judge to cut a $2 billion damages award to a Californian couple by a jury which found that its glyphosate-based weed killer had caused their cancer.
Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co
Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp .
PepsiCo offers $1.7 billion to buy South Africa’s Pioneer Foods
PepsiCo has made a $1.7 billion offer to buy South Africa’s Pioneer Food Group the companies said on Friday, boosting the target’s shares by nearly 30%.
BMW picks insider Zipse as CEO to catch up with rivals
BMW has named Oliver Zipse as its new CEO, continuing the German carmaker’s tradition of promoting production chiefs to the top job even as the auto industry expands into new areas such as technology and services.
Oil rises after U.S. Navy downs Iranian drone; set for weekly fall
Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.
Aston Martin’s biggest investor offers to buy another 3% stake
The biggest investor in Aston Martin offered on Friday to buy another 3% stake in the luxury carmaker, whose shares have slumped since listing last year.
