Weeks after a woman’s death sentence for illegal fund-raising provoked an outcry online, the arrest of an executive has further sparked public debate over private lending, Caixin Online reports.
Asia markets move higher, with sentiment helped by progress toward a Greek debt deal, and with car makers among the notable gainers after Toyota hikes its outlook.
Even as the U.S. continues to run massive trade deficits with China, American soda and fast-food makers are doing their part to even the playing field while relying ever more on that vast market to generate growth.
The media conglomerate’s quarterly revenue comes in below expectations Tuesday evening, while the restaurant chain’s results beat Wall Street’s projections.
Walt Disney Co. said Tuesday that its fiscal first-quarter profit rose 12% due to higher fees paid to its ESPN cable network and improved results at its U.S. theme parks and resorts.
Investors should be hoping the commissioners of the Securities & Exchange Commission give an upcoming report on money-market funds a bad grade, writes Chuck Jaffe.
Federal Reserve Board Chairman Ben Bernanke did not throw the spotlight Tuesday on last week’s surprisingly strong January unemployment report, sticking to his forecast only moderate growth ahead.
The media conglomerate’s quarterly revenue misses Wall Street’s projection, while shares of the computer-server maker are slammed after the company slashes its yearly earnings forecast.
Former German Chancellor Gerhard Schroeder says the harsh austerity measures imposed on the euro-zone periphery should be softened to avoid strangling economic growth, challenging the policy advocated by Germany’s current leader, Angela Merkel.
While the nation’s current level of economic optimism is positive, it hasn’t gone on long enough or moved far enough to truly be a trend at this point, writes Chuck Jaffe.
Amy Hoak writes today in her preview of this week’s International Builders’ Show that some of the big-name appliance makers will be conspicuous by their absence. While there are many reasons suppliers do or don’t attend trade shows, the lack of these big players suggests there’s not yet a lot of optimism about the new-home market.
Brazilian stocks bounce back from earlier declines to log their sixth winning session in a row, with the market’s benchmark index closing at a 10-month high.
Canadian equities fall, looking set to extend losses from the previous session with the diversified metals and mining sector posting the largest decline. Market finds some support on optimism over Greece and a jump in Canadian building permits.
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