Tyson beats profit estimates, but trade spats threaten sales
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.
Wall Street opens slightly lower as trade concerns weigh
U.S. stocks opened slightly lower on Monday as investors focused on escalating trade tensions between the United States and China.
Linde shares drop as Praxair merger hits U.S. antitrust hurdle
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 hands yacht linked to 1MDB over to Malaysia
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.
Shares struggle to look past trade fears, sentiment still fragile
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.
PepsiCo veteran Ramon Laguarta to replace Indra Nooyi as CEO
PepsiCo Inc has appointed Ramon Laguarta to take over as chief executive from Indra Nooyi, handing the reins to a veteran who led the company’s fast-growing emerging markets business.
Futures edge higher as strong earnings offset trade worries
U.S. stock futures were marginally higher on Monday as strong corporate earnings countered worries about escalating trade tensions between the United States and China.
European shares look past trade fears, but sentiment cautious
European shares reversed earlier losses and rallied on Monday as investors focused on prospects for bumper corporate earnings, although fears of a further escalation in the U.S.-China trade conflict left broader market sentiment cautious.
China fines Alipay for violating payment services regulations
The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan ($601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on Monday.
Oil gains after monthly Saudi output unexpectedly drops
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.
