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Argentine default looms as time runs out for debt deal

BUENOS AIRES - Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be discounted.

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Merck aims to hike revenues in China to 1 billion euro by 2018

FRANKFURT - Merck will start offering non-prescription drugs in China as part of a push to double revenues in the region to 1 billion euros ($1.3 billion) by 2018, Chief Executive Karl-Ludwig Kley told German weekly Wirtschaftswoche.

7:48am EDT

Euro zone may discuss early Irish bailout repayment to IMF

BRUSSELS - Euro zone finance ministers are likely to discuss in September whether to allow Ireland to repay its more expensive bailout loans from the International Monetary Fund before paying back the euro zone bailout fund, a euro zone official said.

Ireland, IMF 7:37am EDT

U.S. business spending data gives mixed signals on growth

WASHINGTON - A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014.

25 Jul 2014

Amazon's far-reaching ambitions, lack of profits, unnerve investors

SAN FRANCISCO - Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested. | Video

Tech, Media 2:15am EDT

China regulator says food supplier forged production dates: Xinhua

SHANGHAI - Regulators in Shanghai have found that a scandal-hit China-based food supplier forged production dates on some of its products and sold them after their expiry, the official Xinhua news agency reported on Saturday.

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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.