CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Energy was lower on both sides of the Atlantic, nat gas was down again today, as temps remained mild across the country. And gold was flat on the day.» Read More
SHANGHAI/ HONG KONG, July 29- With green-tea flavoured toothpaste and pickled plum juice, an army of Chinese retailers is tapping local tastes to whittle away market share from global rivals that are banking their future growth on the world's second-largest consumer market.
BEIJING, July 28- Microsoft Corp appears to be the latest U.S. company targeted by China for antitrust investigation as government officials paid sudden visits to the software firm's Chinese offices on Monday.
*Freeport expected to export 756,000 T copper concentrate. LONDON, July 28- Copper was steady on Monday as investors weighed increased supply from Indonesia against prospects for higher demand, while lead was near a 1-1/ 2 year high, tracking related metal zinc.
China's extended rally and two mega-mergers are helping cap the downside of a suddenly dour market.
CHICAGO— Architects from Beijing and Chicago will design George Lucas' new museum to be built along Chicago's lakefront.
LONDON, July 28- Copper was little changed on Monday as investors weighed increased supply from Indonesia versus prospects for better demand, while lead was near a 1-1/ 2 year top, catching up with recent gains in its sister-metal zinc.
BEIJING, July 28- Chinese government officials have made sudden visits to Microsoft Corp offices in China, a spokeswoman for the company said on Monday, but declined to give any reason for the inspections.
*China ops to come under direct control of U.S. headquarters. "This is my company and events like these have a personal toll... they simply don't represent the values I stand for or those of my company," Sheldon Lavin, the millionaire chairman, CEO and owner of Illinois- based OSI Group LLC told a news conference in Shanghai.
The president of OSI Group, David G. McDonald, declined to give details of what the company has found at Shanghai Husi Food Co. A Shanghai TV station reported last week that Husi sold expired beef and chicken to restaurants including McDonald's and KFC.
HONG KONG, July 28- China shares jumped on Monday, with Hong Kong's index hitting its highest close in more than 3-1/ 2 years, on growing bets that the world's second-largest economy has turned a corner and as investors expect more growth-friendly policies.
HONG KONG, July 28- Hong Kong's benchmark index finished at its highest level in more than three years on Monday, as Chinese banks jumped after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors.
HONG KONG— A popular Hong Kong pro-democracy website has closed, citing political pressure, the latest sign of mounting tensions as the semiautonomous Chinese city braces for a possible shutdown of its financial center by activists fighting Beijing's desire to limit democratic reforms.
RPT-OSI GROUP SAYS WILL SPEND 10 MLN YUAN OVER 3 YEARS ON FOOD SAFETY PROGRAM IN SHANGHAI.
SHANGHAI, July 28- An on-going internal investigation conducted by OSI Group LLC into its unit, the scandal-hit Chinese food supplier Shanghai Husi Food Co Ltd, has revealed that standards were below par.
BEIJING— China has set up alternative flight routes to minimize delays related to military exercises along its southeastern coast that start Tuesday, the Defense Ministry said. China is the world's second-largest air travel market, but most of its airspace is controlled by the military.
BEIJING— Sohu.com Inc., operator of a popular Chinese Internet portal, said Monday it lost $45 million in the latest quarter while revenue rose 18 percent to $400 million. The loss for the three months ended June 30 compared with a $69 million loss in the previous quarter and an operating profit of $64 million in the same period of 2013..
SHANGHAI, July 28- The head of U.S. meat supplier OSI Group, the parent company of a Chinese firm at the center of a food safety scandal, will hold a news conference in Shanghai later on Monday, as McDonald's Corp struck more meat dishes off its menus in China.
HONG KONG, July 28- China shares jumped to their highest since December on Monday, as banks surged after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors, while Hong Kong markets were also pushed higher.
SHANGHAI, July 28- China's yuan strengthened against the dollar on Monday, as better-than-expected economic data offset a weaker central bank midpoint fixing, traders said, as the spot market continued to push the traded rate closer to the midpoint.
Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.