August 7, 2018 / 12:15 AM / in 2 months

PRESS DIGEST- Financial Times - Aug 7

Aug 7 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

Indra Nooyi to step down as PepsiCo chief after 12 years at helm on.ft.com/2vnaYpX

Saudi Arabia freezes trade with Canada on.ft.com/2vq9knn

UniCredit files 90 mln euros claim against Caius Capital on.ft.com/2vlk1I0

Overview

PepsiCo Inc has appointed Ramon Laguarta to take over as chief executive from Indra Nooyi, handing the reins to a veteran who led the company’s fast-growing emerging markets business.

Saudi Arabia will suspend new trade and investment with Canada after that country’s foreign ministry urged Riyadh to release arrested civil rights activists, it said in a statement.

UniCredit SpA is seeking damages of around 90 million euros ($104.01 million) from Caius Capital over the British hedge fund’s action in recent months regarding a complex debt instrument used by the Italian bank.

$1 = 0.8653 euros Compiled by Bengaluru newsroom; Editing by Sandra Maler

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