Business

PepsiCo is buying SodaStream for $3.2 billion

SodaStream was in the spotlight several years ago when critics called for a boycott over a factory it had in the West Bank, despite employing many Palestinians. SodaStream shares were up more 9.7 per cent in mid-morning trading in NY at US$142.46, while PepsiCo was unchanged at US$115.01. PepsiCo has switched its strategy to move away from sugary soft drinks to focus on healthier beverages and snacks.

Business

Bull market nears record length

That's how long the benchmark S&P 500 index of major USA stocks has gone without a drop of 20 percent or more, the traditional definition of a bear market. And many analysts say the market still has room to grow, as ebullience over the chugging United States economy overcomes worries about trade and political unrest here and overseas.

Business

Trump 'Not Thrilled' with Fed Chairman Powell Over Rate Hikes

For example, the current Federal Reserve policy is calling for relatively small increases in rates that have been spaced out over what is now almost a three-year period and these increases have been so modest that it can't really be said that they've had a major negative impact on economic growth.

Business

Turkish president blasts US for playing "games" on economy

The pastor's imprisonment and then house arrest have caused one of the deepest rows between Turkey and the US. Highlighting the increased tensions, the US embassy in the Turkish capital Ankara came under brief gunfire early on Monday by unknown assailants in an attack condemned by Erdogan's spokesman as a bid "to create chaos".

Business

Former Trump campaign chairman Paul Manafort found guilty on 8 counts

Cohen pleaded guilty in NY, and said he and Trump arranged the payment of hush money to porn star Stormy Daniels and a former Playboy model to influence the election. In June, a federal judge ordered him jailed after he was charged with witness tampering. He went on to suggest that Trump had knowledge of the hotly debated 2016 Trump Tower meeting as well as advance knowledge of Russian intelligence officers hacking the Democratic National Committee.

Business

Oil min. confirms official exit of French Total from Iran

Iran's oil minister said on Monday that France's Total has officially left Iran after the U.S. threatened to impose sanctions on companies that do business in the country, Iranian state TV reported. "Once Total quits, that will trigger CNPC to take over automatically, according to the contract", a senior Chinese industry source with knowledge of the deal told Reuters .


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