China’s new local-currency loans exceeded estimates last month while money supply expanded at a faster pace, a sign policy makers are maintaining credit support for the economy after first-quarter growth unexpectedly slowed.
Dean Foods Co.’s WhiteWave Foods Co. unit may become a takeover target for buyers such as General Mills Inc. after it is spun off from the dairy maker, said Alexia Howard, an analyst at Sanford C. Bernstein & Co.
Shadow Financial Secretary to the U.K. Treasury, Chris Leslie, called for U.K. Trade Minister Stephen Green to publicly answer questions about his time as chief executive officer and chairman of HSBC Holdings Plc.
British companies have been “complacent” about business opportunities in India, put off by excessive bureaucracy, corruption and restrictions on operating in some sectors, U.K. Trade Secretary Stephen Green said.
China’s slowdown last year probably didn’t exceed government reports, researchers at the Federal Reserve Bank of San Francisco said, differing from concerns voiced by some analysts about the accuracy of the official data.