China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.
Some Syngenta shareholders are angry about the pesticide-and-seed giant’s rejection of takeover proposals from rival Monsanto, which abandoned its pursuit this week.
Rebekah Brooks is expected to head News Corp’s U.K. division, a position similar to one she resigned from amid the phone-hacking scandal. Separately, Britain’s Crown Prosecution Service is reviewing a police referral related to the hacking probe.
Federal Reserve officials made clear this week they haven’t decided whether to raise interest rates next month, and the call has become more challenging amid the recent global market turmoil.
Brazil’s big bet on China is turning sour as the Asian country’s once voracious appetite for Brazilian exports dims.
French luxury-goods company Hermès International said it expects demand for its pricey handbags and fashion to remain resilient and grow 8% this year despite the risk of an economic slowdown in China.
Heard on the Street: PetroChina, Sinopec and Cnooc’s latest results show China’s oil giants are still spending too much.
The eurozone’s heavy reliance on exports leaves the region vulnerable as emerging markets stumble.
Heard on the Street: Market turmoil has cast doubt on the Fed’s September intentions. But a rate increase remains very much on the table.
Consumer, business and government spending helped propel better-than-expected U.S. growth in the second quarter.