Latest news with #ChrisTurner
Yahoo
7 days ago
- Business
- Yahoo
Yum! Brands, Inc. to Participate in the Bernstein Annual Strategic Decisions Conference
LOUISVILLE, Ky., May 28, 2025--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) announced Chris Turner, Chief Financial & Franchise Officer, and Tracy Skeans, Chief Operating Officer and Chief People & Culture Officer, will participate in the Bernstein Annual Strategic Decisions Conference on Wednesday, May 28, 2025 at approximately 1:30 p.m. ET. The event will be webcast live and can be accessed through the Yum! Brands website at Yum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of nearly 61,000 restaurants in more than 155 countries and territories under the company's concepts – KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. The Company's KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-inspired food and pizza categories, respectively. Habit Burger & Grill is a fast casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2024, Yum! was named to the Dow Jones Sustainability Index North America, Newsweek's list of America's Most Responsible Companies, USA Today's America's Climate Leaders and 3BL's list of 100 Best Corporate Citizens. In 2025, the Company was recognized among TIME magazine's list of Best Companies for Future Leaders. In addition, KFC, Taco Bell and Pizza Hut led Entrepreneur's Top Global Franchises 2024 list and were ranked in the first 25 of Entrepreneur's 2025 Franchise 500, with Taco Bell securing the No. 1 spot in North America for the fifth consecutive year. Category: Financial View source version on Contacts Analysts are invited to contact:Matt Morris, Head of Investor Relations, at 888/298-6986 Members of the media are invited to contact:Lori Eberenz, Director, Public Relations, at 502/874-8200
Business Wire
7 days ago
- Business
- Business Wire
Yum! Brands, Inc. to Participate in the Bernstein Annual Strategic Decisions Conference
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) announced Chris Turner, Chief Financial & Franchise Officer, and Tracy Skeans, Chief Operating Officer and Chief People & Culture Officer, will participate in the Bernstein Annual Strategic Decisions Conference on Wednesday, May 28, 2025 at approximately 1:30 p.m. ET. The event will be webcast live and can be accessed through the Yum! Brands website at Yum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of nearly 61,000 restaurants in more than 155 countries and territories under the company's concepts – KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. The Company's KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-inspired food and pizza categories, respectively. Habit Burger & Grill is a fast casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2024, Yum! was named to the Dow Jones Sustainability Index North America, Newsweek's list of America's Most Responsible Companies, USA Today's America's Climate Leaders and 3BL's list of 100 Best Corporate Citizens. In 2025, the Company was recognized among TIME magazine's list of Best Companies for Future Leaders. In addition, KFC, Taco Bell and Pizza Hut led Entrepreneur's Top Global Franchises 2024 list and were ranked in the first 25 of Entrepreneur's 2025 Franchise 500, with Taco Bell securing the No. 1 spot in North America for the fifth consecutive year. Category: Financial
CNBC
20-05-2025
- Business
- CNBC
Dollar slips on caution over US economy, traders mull US-Japan talks
The dollar slipped again on Tuesday after declining for a week, weighed down by the Federal Reserve's caution over the economy while traders considered news that upcoming U.S.-Japan talks could include discussions on FX and avoiding volatility. The greenback sold off broadly on Monday following last week's downgrade of the U.S. sovereign rating by Moody's on deficit concerns. Now attention turns to a critical vote in Washington over U.S. President Donald Trump's sweeping tax cuts. "We've got a bit of a hangover from the Moody's story and what it means for the dollar in general. We still think there is risk premium embedded in the dollar," said Chris Turner, head of FX strategy at ING. The U.S. currency was softer against the yen, last down 0.2% at 144.510, having hit a fresh 12-day low earlier in the session. On traders' radar is news around upcoming U.S.-Japan talks, with Japanese Finance Minister Katsunobu Kato saying on Tuesday he expects any bilateral meeting with U.S. Treasury Secretary Scott Bessent on exchange rates to be based on their shared view that excessive currency volatility was undesirable. Kato and Bessent are expected to hold a bilateral meeting on the sidelines of a G7 finance leaders' gathering to be held this week in Canada. "Overhanging the FX market is that discussions in trade deals are going to include some currency component, which if it does is a dollar negative, because the U.S. wants a weaker dollar against Asian currencies to narrow the Asian trade surplus with the States," said ING's Turner. Elsewhere, the Australian dollar edged lower after the Reserve Bank of Australia cut benchmark interest rates by 25 basis points and left the door open to further easing in the months ahead. It was last down 0.68% to $0.64135, trimming a 0.8% gain on Monday. "Ultimately, the RBA's statement does not indicate that it is considering pausing or ending the interest rate cycle. This is why the AUD took a slight hit this morning," Antje Praefcke, FX Analyst at Commerzbank, wrote in a note. Meanwhile the Chinese yuan weakened against the dollar as China cut key benchmark lending rates while corporate seasonal demand for dollars remained high. But traders remain focused on the U.S., with Atlanta Federal Reserve President Raphael Bostic telling CNBC on Monday the U.S. central bank may only be able to cut interest rates by a quarter point over the rest of the year given concerns about rising inflation stoked by higher tariffs. Trump is expected to join the congressional debate over his tax bill on Tuesday. The vote comes after Moody's stripped the U.S. government of its top-tier credit rating, citing concerns over the nation's growing $36.2 trillion debt pile. "The market is still very wary of the lack of austerity coming from the fiscal side in the U.S." said Rodrigo Catril, senior FX strategist at National Australia Bank. "We think that is potentially a driver for dollar weakness over the coming quarters as the market is likely to demand a higher premium to lend money to the U.S.," he added. Trump's bill would add $3 trillion to $5 trillion to the debt, according to nonpartisan analysts. Ballooning fiscal debt, trade frictions, and weakened confidence have weighed on U.S. assets. The U.S. dollar index has tumbled as much as 10.6% from its January highs, one of the sharpest retreats for a three-month period. The dollar got a breather after Trump paused many of the largest tariffs he announced last month. But comments from Japan's top trade envoy on Tuesday that Tokyo was firm in its anti-tariff stance pointed to no easy off-ramp in the negotiations in the weeks and months ahead. And in the wake of Trump's tariff turmoil, Britain on Monday agreed to the most significant reset of defense and trade ties with the European Union since Brexit. The pound was flat at 1.33620 having risen 0.6% on Monday. "Optimism surrounding key UK economic data and a major political breakthrough has fueled sterling's gains alongside broad-based dollar weakness," wrote George Vessey, lead FX and macro strategist at Convera. The euro was also flat at $1.124550, and the Swiss franc strengthened, pushing the dollar down 0.1% to 0.83360 francs.
Bloomberg
20-05-2025
- Business
- Bloomberg
ING Sees Potential Carry-Trade Boost Ahead for EM Currencies
Emerging-market currencies are benefiting from a weaker dollar and they may get a further boost if the US cuts interest rates, attracting more capital into carry trades, according to ING Bank NV. Investors are speculating whether US trade deals with Asia will involve a currency element, and Latin American economies seem to have avoided the worst of President Donald Trump's tariffs, Chris Turner, ING's head of FX strategy in London, and colleagues said in a note on Tuesday.
Yahoo
14-04-2025
- Business
- Yahoo
European equities rise on Trump's temporary tech tariff exemption
European markets opened the new week with solid gains, buoyed by renewed investor optimism after US President Donald Trump announced that major tech products such as semiconductors and smartphones would be temporarily exempt from the higher tariffs on Chinese imports. However, the US administration clarified that these items remain subject to the existing 20% fentanyl-related tariffs, and a special tariff on semiconductors and electronics will be introduced in around a month. Chinese authorities welcomed the decision, calling the US tariff exemption a small but constructive step toward correcting previous wrongdoings. By 8:15am CEST, the Euro STOXX 50 index – which tracks blue-chip companies across the eurozone – had risen 1.5%, while the broader Euro STOXX 600 was up 1.6%. Germany's DAX 50 led regional performance with a 2.2% gain, followed by France's CAC 40, which climbed 1.8%. Italy's FTSE MIB and Spain's IBEX 35 posted more modest increases of 1.2% and 1.0%, respectively. Investors are also awaiting first-quarter revenue figures from French luxury conglomerate LVMH, which could provide insight into consumer behaviour and the resilience of demand in the high-end sector. Related China's exports jump 12.4% as imports fall under Trump-era tariffs Week ahead: ECB rate decision, China's GDP, and major company earnings In macroeconomic developments, Chinese exports rose sharply by 12.4% year-on-year in March 2025, reaching USD 313.9 billion (€275.8bn). This figure significantly exceeded market expectations of a 4.4% increase and represented a steep acceleration from the 2.3% growth recorded in the January to February period. It marked the fastest expansion in overseas sales since last October, indicating a likely frontloading of shipments ahead of the anticipated implementation of new US tariffs. Among the top performers in the Euro STOXX 50 index were major European banks. Deutsche Bank gained 4.2%, BNP Paribas advanced by 4.1%, and Société Générale rose 3.5%. Dutch semiconductor giant ASML Holding also posted a strong performance, climbing 2.8%. Energy stocks were buoyed by a rebound in oil prices. Repsol increased by 3.2%, while Eni added 2.5%. In Germany's DAX index, alongside Deutsche Bank, Sartorius rose by 3.6%, Puma added 3%, and Fresenius Medical Care also gained 3%. In the French market, STMicroelectronics surged by 6.5%, reflecting strong investor confidence. In Italy, Tenaris and Saipem both climbed 4%. The euro rallied to 1.14 against the greenback, retesting Friday's highs and aligning with its strongest levels since February 2022. The move was driven by ongoing dollar weakness in the foreign exchange market. Chris Turner, analyst at ING, noted that 'the dollar continues to trade on a weak footing', and raised the possibility that currency policy may feature in upcoming trade negotiations led by Scott Bessent with Japan and China. Luca Cigognini, Market Strategist at Intesa Sanpaolo, commented that a break above 1.14 would open the door for a move toward 1.1500, the level last seen in early 2022. He also added that the trade war initiated by President Trump is favouring defensive currencies and undermining the 'dollar's traditional role as a safe haven'. The European Central Bank is scheduled to meet on Thursday to decide on interest rates. Market participants remain divided over whether Frankfurt will opt to hold rates steady or implement a cut. Meanwhile, eurozone bond yields declined. German two-year yields fell by five basis points to 1.78%, while the 10-year Bund yield dropped three basis points to 2.55%. Gold futures edged 0.2% lower after the precious metal had reached record highs against the dollar last Friday, briefly surpassing $3,200 (€2,830) per ounce.
