Chinese President Xi Jinping put his most personal stamp yet on sweeping policy shifts in the world’s second-largest economy, ushering the end of a decade of consensus-based decision-making that saw reforms stagnate.
Bank of Japan board members said the central bank should avoid getting too involved in the allocation of capital in its latest effort to spur lending and economic growth, a record of their April 30 meeting showed.
Republicans on a U.S. House panel confronted State Department officials over the attack on the U.S. consulate in Benghazi, Libya, saying they failed to provide enough security beforehand and then joined in blaming the incident on an anti-Islam Internet video.
Kraft’s North American grocery business, which today will list on the Nasdaq Stock Market as an independent company, is starting life with a handicap: years of underinvestment in new products and marketing.
Merck & Co. ’s Chief Executive Officer Kenneth Frazier , who took over the top leadership role on Jan. 1, said the company will make “tough” research spending decisions while developing innovative products.