Law-enforcement officials raided the home of Subway pitchman Jared Fogle without saying why, placing a sudden, unwanted spotlight on the sandwich chain and raising the question of how closely brands should tie themselves to individual personalities.
The opening of Baha Mar in the Bahamas was supposed to be a showpiece that would help China’s largest construction company win lucrative resort business across the U.S. But the $3.5 billion project has been beset with troubles.
Fresh global jitters drove investors into the harbor of government bonds in the U.S., Germany and the U.K., sending benchmark 10-year yields in these countries to the lowest level in more than a month.
China is once again at the center of the commodities story, but not in a good way this time. The country’s stock-market slump and concern over Greece’s economic crisis have helped send commodities toward multiyear lows.
Central banks in the developing world are caught in a dilemma between adhering to international banking standards and serving potential customers who are unable to meet those standards, as greater access to banking services becomes a mainstream policy goal.