PepsiCo Inc has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd for US$705 million, the companies said.
Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East.
Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine global efforts to agree new rules on taxing big tech companies.
Oil prices tumbled more than 2per cent on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China.
UniCredit Chief Executive Jean Pierre Mustier has ruled himself out of a switch to European rival HSBC , a source with knowledge of the matter told Reuters on Sunday.
Businesses say they are worried about the prospect of closures should the situation drag on longer than expected.
The US forcibly tying Chinese import requirements to the trade deal risks violating global trading rules, distorting and diverting world trade, says an observer.
The knock-on effects on travel, production and Asian supply chains will be massive, says an expert.
HONG Kong-listed supply chain financing company Sheng Ye Capital might be an unknown name here, but its chairman and founder Jeff Tung intends to change that with its digital bank ambitions in Singapore.
BULLS and bears are grappling over a question that may decide the fate of the stockmarket expansion: Can medical authorities around the world contain an epidemic before it causes a lasting economic slowdown?
