Bad Loans Soar at China Banks

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China's biggest state-owned banks reported a surge in soured and castoff loans in the first half of the year.

Novartis Says Heart Drug Beats Rival

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A heart drug developed by Novartis reduced cardiovascular deaths by 20% when compared with a rival treatment.

Alibaba Plans IPO Launch Week

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Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.

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