Business Daily News
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Soybean futures capped the longest rally since March 2012 on signs of rising demand from China, the world’s largest buyer.
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China’s stocks fell the most in a month, led by material and consumer-discretionary companies, after a report showed an unexpected contraction in manufacturing and Japanese equities plunged the most since 2011.
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New rules from China to control capital inflows are likely to end commodity-financing deals, hurting the short-term outlook for copper, analysts at Goldman Sachs Group Inc. wrote in a research report today.
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Elena Ambrosiadou, co-founder of Ikos Asset Management Ltd., won a U.K. court case brought by her estranged husband, Martin Coward, over who owns the computer software that runs the hedge fund’s trading platform.
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Some Chinese banks have stopped issuing letters of credit for copper importers after a government crackdown on hot-money inflows, the National Business Daily reported today.
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Chinese stocks slid the most in a month this week in New York after companies from Elong Inc. to Renren Inc. forecast future sales below analysts’ estimates as growth at the world’s second-largest economy slows.
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ESPN reached agreement for exclusive rights to the U.S. Open, wresting the tennis tournament’s finals away from CBS after 47 years.
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Kenya Power Ltd., the East African nation’s sole electricity distributor, fell to its lowest level in more than two months after Business Daily said the government rejected the company’s proposed tariff increases.
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Huaxia Bank Co.’s Pretty Lady credit card, co-issued with Deutsche Bank AG, entices women with triple points for cosmetics and fitness-club memberships. The Ms. Magic card from China Citic Bank Corp. dotted with Swarovski crystals offers free beauty treatments and health insurance.
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Billionaire Mikhail Prokhorov’s Onexim Group said it may consider buying a 10.7 percent stake in fixed-line operator OAO Rostelecom from Marshall Capital after the fund annulled its deal with Arkady Rotenberg.
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