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China shares lead Asia higher, dollar buoyed

TOKYO - Asian stocks shrugged off a drop in Wall Street and hovered near three-year highs on Monday, with China taking the lead after data showed a robust jump in profits earned by industrial firms in the world's second-largest economy.

Recent Business News

JD.com to sell Microsoft's Xbox One games console in China

BEIJING - JD.com Inc, China's second-biggest e-commerce company by market share, will accept pre-orders for Microsoft Corp's Xbox One games console in China from July 28 to July 30, the firm said on Monday.

27 Jul 2014

No meeting scheduled on Monday between Argentina and court mediator

BUENOS AIRES - Argentina does not have a meeting scheduled for Monday with a court-appointed mediator in New York in its debt dispute with creditors but talks continue, a government source said on Sunday, as the country looks to avoid a possible debt default next Thursday.

27 Jul 2014

Investors pin growth hopes on U.S. as Ukraine crisis casts shadow on Europe

FRANKFURT - With the prospect of stiffer sanctions against Russia rattling confidence in Europe, investors will be looking to the United States and China to underpin the global economy.

China, Russia 27 Jul 2014

Scandal-hit China food firm withdrawing all products, U.S. parent says

BEIJING - The parent company of a scandal-hit Chinese food supplier said it is withdrawing all products made by the subsidiary.

Audi cuts spare-part prices in China amid anti-monopoly probe

SHANGHAI/BEIJING - Volkswagen AG's premium brand Audi said it would cut spare-part prices in China as global automakers rush to change their pricing strategies after Chinese anti-monopoly regulators began probing the auto industry.

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Millennials: forever renters or just delayed homeowners?

The White House wants to help you move out of your parents’ basement. That was the message from Jason Furman, the chairman of the White House’s Council of Economic Advisers, at the Zillow Housing Forum in Washington yesterday.