Bloomberg PepsiCo Inc. ramped up its pledge to reduce the number of sugary beverages it sells over the next decade as governments increasingly tax soft drinks and fruit juices in an attempt to reduce obesity and diabetes. At least two-thirds of the company’s beverage volume will have no more than 100 calories from added sugars per 12-ounce serving by ...

  Bloomberg Southeast Asia’s best-performing currency is giving Indonesia’s central bank the opportunity to continue increasing foreign reserves from a four-year high, a senior official said. “If we see the chance to build our reserves, then surely we will take advantage of it,” Doddy Zulverdi, Bank Indonesia’s executive director for monetary management, said in an interview at his Jakarta office ...

  DUBAI / DOHA / Reuters Qatar’s central bank is offering 3 billion riyals ($825 million) of government bonds in its third domestic bond sale this year, according to a circular seen by Reuters. Bids for the latest offer were due on Monday, with allocations to be made the following day, according to the offer document. The offer is made ...

  Kuwait City / AFP National Bank of Kuwait, the emirate’s largest lender, said on Monday its third quarter net profit rose 6.5 percent mainly thanks to growing public spending despite low oil revenues. The bank posted a net profit of 68.7 million dinars ($227.5 million) for July to September this year compared to 64.5 million dinars ($213.6 million) for ...

  Bloomberg ICICI Bank Ltd., India’s largest private-sector bank, rose the most in six months in Mumbai stock trading on optimism the lender will recover some of its loans to the Essar Group. Shares of the bank rose 6.5 percent to 257.55 rupees, while the locally listed stock of Standard Chartered Plc, also owed money by Essar, gained 2 percent. ...

  Bloomberg Morgan Stanley is abandoning a prediction that U.S. break-even rates will fall as the outlook for prices in the world’s biggest economy surge to the highest level in five months. The yield difference between 30-year Treasury bonds and similar-maturity inflation-protected securities headed for the highest closing level since May. The measure, an outlook for consumer prices known as ...

Bloomberg Pick up a high-end smartphone these days and chances are it will have a crisp, energy-sipping organic LED display — unless it’s an iPhone. That will change next year, when Apple Inc. plans to adopt the technology for the next major upgrade to its flagship product. To do so, the Cupertino, California-based company will have to get its hands ...

  Relaxnews Though the future of personal mobility will be electrically driven, don’t expect to see traditional gas stations disappearing into the automotive history books any time soon. “There will be no such thing as a ‘one-size-fits-all’ solution,” said Klaus Fröhlich, Member of the Board of Management at BMW AG, Development. “We see the approach of using myriad [drivetrain] technologies ...

  Relaxnews Walt Disney Co. Chief Executive Officer Bob Iger said the company’s future lies in using technology to make more direct connections to consumers, although he declined to say whether he was interested in buying Twitter Inc. or Netflix Inc. The following are excerpts from Iger’s remarks at the Boston College Chief Executives Club. Iger, 65, made the remarks ...

  DUBAI / WAM On the first day of the Gulf Information Technology Exhibition (Gitex 2016), Crown Prince of Dubai and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the Authorized Economic Operator (AEO) programme. The AEO programme is a federal programme that connects the UAE with the rest of the world in ...