Global economy starts second half on solid footing: PMIs

- China's factory activity expanded at its fastest in 18 months in July as new orders surged while the euro zone's private sector also perked up, suggesting the global economy started the second half of 2014 on a solid footing.

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Euro zone business on solid footing in July but firms cut prices - PMI

July 24, - The euro zone's private sector expanded at the fastest rate in three months in July, although faster growth in new business was driven mainly by companies cutting prices again, surveys showed on Thursday.

4:06am EDT

As U.S. strengthens, sluggish wages explain Fed's caution

NEW YORK/SAN FRANCISCO - The U.S. Federal Reserve's policy statement, unchanged for the last four months, will probably stay that way until at least September for one main reason: slow wage growth.

1:09am EDT

China probes 581 firms, restaurants as food safety scare spreads

SHANGHAI - China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan.

23 Jul 2014

China July HSBC flash PMI at 18-month high

BEIJING - China's factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick in. | Video

4:57am EDT

Former BES CEO Salgado detained, to appear before judge: official

LISBON - Ricardo Espirito Santo Salgado, the patriarch of Portugal's beleaguered Espirito Santo banking family and former CEO of Banco Espirito Santo , was detained by law officials on Thursday and will appear before a judge, prosecutors said.

6:06am EDT


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