Diageo Plc, the world’s biggest distiller, is targeting wealthy Chinese businessmen to boost sales at its local white-liquor unit as an austerity drive by President Xi Jinping dries up government orders.
The Federal Reserve will release minutes from its Jan. 28-29 meeting, the last presided over by former Chairman Ben S. Bernanke and at which policy makers further reduced the central bank’s record stimulus.
U.S. stocks rallied the most for a week since December as comments from Federal Reserve Chair Janet Yellen reassured investors about the strength of the economy and corporate earnings exceeded estimates.
Argentina fined supermarkets including Carrefour SA and Wal-Mart Stores Inc., the world’s largest retailer, for failing to maintain adequate stocks of price-controlled goods after a devaluation of the peso.
President Barack Obama signed an executive order raising the minimum wage to $10.10 an hour for U.S. government contract workers in the future, fulfilling a promise from his State of the Union address.
Bloomberg BNA -- Multinational corporations say they are increasingly taking on a regulatory role in their supply chains to improve performance on environment, health and safety (EHS) issues, especially in developing countries where government oversight can be weak.
The Bank of Canada should overlook slowing inflation stemming from the arrival of large U.S. retailers such as Wal-Mart Stores Inc. and focus on fighting tepid demand, Senior Deputy Governor Tiff Macklem said.