China is pushing forward on exchange-rate reforms in a “bold” fashion, while adopting a more gradual approach toward loosening controls over interest rates and capital markets, according to People’s Bank of China Deputy Governor Yi Gang.
European Central Bank President Mario Draghi mused today that the International Monetary Fund offers public opinions on how he should conduct monetary policy in a way that it doesn’t with the Federal Reserve.
The battle for control of a developing market for heart valves that can be inserted without open-heart surgery intensified today as Edwards Lifesciences Corp.’s second-generation product was found to outperform Medtronic Inc.’s device in a head-to-head comparison.
James R. Schlesinger, who served as U.S. secretary of defense under Presidents Richard Nixon and Gerald Ford before becoming the nation’s first energy chief in Jimmy Carter’s administration, has died. He was 85.