China’s sovereign fund mismanaged some investment: audit
BEIJING (Reuters) – China’s $575-billion sovereign wealth fund mismanaged some of its overseas investments between 2008 and 2013 that led to losses, the country’s top auditor said on Wednesday, without specifying the size of the loss.
China’s Li says expects 7.5 percent growth rate, no ‘strong stimulus’
LONDON, (Reuters) – China’s economy will grow 7.5 percent, maintain medium to high growth in the long run and will not resort to ‘strong stimulus’, Premier Li Keqiang said on Wednesday.
India’s Modi government takes steps to control inflation
NEW DELHI (Reuters) – India’s new government on Tuesday imposed export restrictions on certain farm commodities and ordered a crackdown on hoarding to control rising food prices, a day after wholesale price inflation hit a five-month high.
Big Tobacco squares up as EU rules aim to track every cigarette
BAYREUTH Germany (Reuters) – It takes a British American Tobacco factory machine three minutes to load 4 million cigarettes onto a truck in northern Bavaria – but it can take a lot longer to figure out whether those cigarettes end up where they should….
JPMorgan’s investment bank ranked top in first quarter: survey
LONDON (Reuters) – JPMorgan Chase & Co was again ranked the top investment bank by revenue in the first quarter with $5.9 billion, according to a new survey published on Wednesday.
Dollar firm, stocks stall as inflation fuels Fed risk
SYDNEY (Reuters) – The dollar held firm with higher Treasury yields on Wednesday after a surprisingly high reading for U.S. inflation threatened to give a hawkish tilt to the Federal Reserve’s policy outlook later in the session.
Codelco’s next CEO faces delicate balancing act with Chilean unions
SANTIAGO (Reuters) – The next CEO at Codelco, the world’s No.1 copper producer, will have to walk a tightrope between avoiding conflict with its powerful unions over expected layoffs while pursuing aggressive investment and cost-cutting plans.
Political change, China news spurs spike in second quarter Asia business sentiment
SHANGHAI (Reuters) – Business sentiment among Asia’s top companies hit its highest level in more than two years in the second quarter of 2014, rising sharply on supportive political changes around the region and positive signs from China, a ThomsonReut…
Target sells $2 billion of bonds in two-part offering
(Reuters) – U.S. retailer Target Corp increased yields on Tuesday to sell $2 billion of bonds in a two-part offering and plans to use part of the proceeds to buy back as much as $1 billion of debt.
New default for Argentina won’t be as bad as last default
BUENOS AIRES (Reuters) – Argentina’s battle with investors who rejected its proposals to restructure debt risks pushing the nation into a new default that would wreck its attempts to return to credit markets but not have the same economic effect as its…
