Drought hits China food production: Xinhua
BEIJING (Reuters) – Severe drought and scorching heat has damaged over a million hectares of farmland in China’s Henan and Inner Mongolia provinces, with no immediate relief in sight, state news agency Xinhua reported.
Pfizer’s need for deal looms larger with earnings report
NEW YORK (Reuters) – Pfizer Inc’s vulnerability to cheaper generics and its weak roster of experimental medicines will be on display Tuesday when the company reports quarterly earnings, reviving interest in its pursuit of AstraZeneca Plc or other deals…
China condemns U.S. anti-dumping duties on solar imports
BEIJING (Reuters) – China’s Commerce Ministry castigated the United States on Monday for setting new import duties on Chinese solar products, saying Washington’s actions risked damaging the industry in both countries.
Obama could curb corporate ‘inversions’ on his own: ex-U.S. official
WASHINGTON (Reuters) – President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called “inversion” deals, a former senior U.S. Treasury Department official s…
Sankaty to buy JPMorgan debt portfolio for $1 billion: FT
(Reuters) – Bain Capital’s credit arm, Sankaty Advisors, is buying the debt portfolio of JPMorgan’s principal investment group for more than $1 billion, the Financial Times reported.
JD.com to sell Microsoft’s Xbox One games console in China
BEIJING (Reuters) – JD.com Inc, China’s second-biggest e-commerce company by market share, will accept pre-orders for Microsoft Corp’s Xbox One games console in China from July 28 to July 30, the firm said on Monday.
JP Morgan questioned on private bank impropriety: WSJ
(Reuters) – JPMorgan Chase & Co executives have faced regulators’ questions on whether private bank advisors guide clients to buy the firm’s own financial products, according to a report in the Wall Street Journal.
Hague court to order Russia to pay $50 billion in Yukos case: report
(Reuters) – The Permanent Court of Arbitration in The Hague will on Monday announce that Russia must pay $50 billion to former shareholders of the defunct oil company Yukos, Russian business daily Kommersant reported on its website, citing unnamed sour…
No meeting scheduled on Monday between Argentina and court mediator
BUENOS AIRES (Reuters) – Argentina does not have a meeting scheduled for Monday with a court-appointed mediator in New York in its debt dispute with creditors but talks continue, a government source said on Sunday, as the country looks to avoid a possi…
Trendy Chipotle burritos show how pricing power belongs to the hip
(Reuters) – Corporate America can learn a lot from a chicken burrito. As many companies struggle to boost prices without alienating consumers, they may want to study Mexican-food chain Chipotle, which has managed to do both.
