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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

China condemns U.S. anti-dumping duties on solar imports

BEIJING - China's Commerce Ministry castigated the United States on Monday for setting new import duties on Chinese solar products, saying Washington's actions risked damaging the industry in both countries.

Sankaty to buy JPMorgan debt portfolio for $1 billion: FT

- Bain Capital's credit arm, Sankaty Advisors, is buying the debt portfolio of JPMorgan's principal investment group for more than $1 billion, the Financial Times reported.

27 Jul 2014

Trendy Chipotle burritos show how pricing power belongs to the hip

- Corporate America can learn a lot from a chicken burrito. As many companies struggle to boost prices without alienating consumers, they may want to study Mexican-food chain Chipotle, which has managed to do both.

27 Jul 2014

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

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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.