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BERLIN (Reuters) - High in the hills of Brazil’s remote northeast, the town of Toritama echoes with the sound of sewing machines: in the self-proclaimed capital of jeans, people work all hours of the day to produce denim trousers.

(Reuters) - PepsiCo Inc said on Friday increased investments in advertising and products aimed at boosting sales growth would lead to a fall in profit this year.

In his first major strategic move after taking over as chief executive officer, Ramon Laguarta unveiled plans to cut jobs and restructure plants to save $1 billion annually through 2023 and fund its investments in a bid to claw back market share from larger rival Coca Cola.

MADRID (Reuters) - Hundreds of Chinese citizens waving Spanish and Chinese flags took to the streets of Madrid on Friday to protest against BBVA, saying the bank had blocked their accounts.

(Reuters) - Wells Fargo & Co’s Chief Executive Officer Tim Sloan is expected appear before the House Financial Services Committee alone in March this year, and then in April with several other banking heads, the Wall Street Journal reported on Friday, citing people familiar with the matter.

TORONTO (Reuters) - Alphabet Inc’s Sidewalk Labs unit is seeking a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, a report in Toronto Star newspaper.

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