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PepsiCo forecast surprise drop in 2019 core profit

FILE PHOTO – Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo (Reuters) – PepsiCo Inc forecast a surprise drop in full-year profit that was well below Wall Street estimates on Friday, hit by a stronger dollar, higher tax rate …

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Watchdog extends monitor mandate at Deutsche Bank on Danske dealings

FILE PHOTO: The financial district with the headquarters of Germany’s largest business bank, Deutsche Bank , is photographed on early evening in Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank’s …

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Asian stocks slip after grim U.S. retail sales data

TOKYO (Reuters) – Asian stocks slipped on Friday after grim U.S. retail sales figures raised fresh doubts about the strength of the U.S. economy, offsetting optimism on trade talks between the United States and China. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December …

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Explainer: What's at stake in U.S.-China trade talks

WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are in Beijing this week as Chinese and American negotiators try to hammer out a trade deal to ease a trade war and avert an increase in U.S. tariffs on Chinese goods scheduled for March 2. …

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