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Economy seen regaining muscle in second quarter

WASHINGTON - U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.

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China's local GDP data points to recovery, rebalancing

BEIJING - China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity.

2:30am EDT

Barclays profits fall as investment bank income sags

LONDON - Barclays Plc said its underlying profits fell 8 percent in the second quarter as the British bank's attempts to crack down on high-risk trading and subdued market activity took a toll on investment banking revenue.

4:32am EDT

Twitter assuages growth concerns for now as shares soar 35 percent

SAN FRANCISCO - Twitter Inc halted a slowdown in user-growth in the second quarter with the help of product tweaks and services built around the summer's World Cup, assuaging concerns for now that the online messaging service had peaked. | Video

Tech, Media, Twitter 12:45am EDT

Amazon to invest $2 billion more in India as e-commerce race heats up

MUMBAI - Amazon.com Inc on Wednesday said it will invest a further $2 billion in India just a day after the country's largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector.

4:37am EDT

Exclusive: Upstart trading venue IEX may prompt U.S. market rule change

NEW YORK - U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group's plans to become a full-fledged stock exchange.

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