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PepsiCo leans more heavily on snacks as beverages fizzle

Bloomberg PepsiCo Inc.’s snacks are having to pick up more of the slack for its ailing beverages. The company posted sales and earnings that topped analysts’ estimates last quarter, helped by an uptick in volume at its Frito Lay business in North America. The snack growth helped offset continued declines at the Purchase, New York-based company’s drinks business. Still, a ...

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Emaar Malls Q4 profit up 27%

DUBAI / WAM Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, recorded a net profit of AED2.080 billion ($566 million) in 2017, 11 percent higher than the net profit of AED1.874 billion ($510 million) during 2016. Revenue for full-year 2017 was AED3.629 billion ($988 million), a growth of 12 percent over 2016 revenue of AED3.227 ...

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Strong global economy to drive oil demand in 2018

LONDON / Reuters OPEC said on Monday world oil demand would grow faster than expected in 2018 because of a healthy world economy, adding a tailwind to the producer group’s effort to remove a supply glut by cutting output. But the global market will return to balance only towards the end of 2018, no earlier than previously thought, as higher ...

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