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  • July 22- McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said on Tuesday.

  • Typhoon deaths rise to 151 as China reports more Tuesday, 22 Jul 2014 | 10:35 AM ET

    BEIJING— The death toll from the strongest typhoon to hit China's south in decades was raised to 46 on Tuesday, increasing the overall toll to 151 people dead in three countries just before a second storm approaches land.

  • But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.

  • Military exercises delay flights throughout China Tuesday, 22 Jul 2014 | 5:31 AM ET

    BEIJING— China's airline regulator has warned travelers to expect flight delays at 12 airports through mid-August, and an airport employee said military exercises are the reason.

  • China meat scandal hits Starbucks, Burger King Tuesday, 22 Jul 2014 | 4:49 AM ET

    BEIJING— A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets.

  • HONG KONG, July 22- A Chinese market index of the leading Shanghai and Shenzhen A-share listings closed at its highest in three months on Tuesday, with gains coming in heavy volumes as autos, banking and property sectors all strengthened. BYD surged 5.6 percent in Shenzhen, while SAIC Motor Corp rose 1.7 percent to its highest close since February 2013.

  • *Starbucks, Burger King, Dicos pull products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan.

  • But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.

  • HONG KONG, July 22- Hong Kong's benchmark index reached its highest level in more than seven months early on Tuesday, leading gains in Asia, as recent fund inflows pushed up the territory's blue-chip stocks. Also pushing up the index were moves by investors to cover their short positions in the absence of negative news from China.

  • *Starbucks says has pulled chicken products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as products of McDonald's Corp as far away as Japan.

  • BEIJING, July 22- Policy insiders are concerned that China's ambitious reform agenda is being sidelined by a focus on stimulus to meet the government's growth target, delaying the planned overhaul of the world's second-largest economy.

  • SHANGHAI/ LOS ANGELES, July 21- Yum Brands Inc and McDonald's Corp are facing a new food safety scare in China, denting the fast-food companies' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.

  • LONDON, July 21- Zinc and aluminum prices hit their highest in more than a year on Monday as investors sought exposure to commodities with improved fundamentals, but copper's gains were curbed by worries over China's property sector and over a build-up of stocks.

  • LONDON, July 21- Zinc and aluminium prices hit their highest in more than a year as investors sought exposure to commodities with improved fundamentals, but gains in copper were held back by worries over China's property sector and over a build-up of stocks.

  • US stock slip to start the week; Six Flags sinks Monday, 21 Jul 2014 | 9:01 AM ET

    European leaders called for imposing tougher sanctions on Russia for its backing of separatists accused of shooting down a Malaysia Airways passenger plane in Ukraine last week. In Washington, President Barack Obama demanded that international investigators get full access to the crash site and said the separatists had blocked investigators.

  • *U.S. National activity index June at 1230 GMT. LONDON, July 21- Copper steadied on Monday as risk-hungry investors saw value in a metal whose price lost 2.4 percent last week, though worries over China's property sector and a build-up of copper stocks kept gains in check.

  • *McDonald's warns may face China product shortfall. *Incident highlights broader China food supply chain issues. SHANGHAI, July 21- McDonald's Corp and Yum Brands Inc are facing a new food safety scare in China, denting the fast food giants' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.

  • China shares meander ahead of new deluge of IPOs Monday, 21 Jul 2014 | 3:09 AM ET

    HONG KONG, July 21- China shares made a tepid start to a week that will feature the opening of subscriptions for a new batch of initial public offerings, sparking fears that sizable funds will be drawn away from existing stocks. China Eastern Airlines shed 1.3 percent after it warned late on Friday of a sharp profit decline in January-June from a year earlier.

  • China orders nationwide probe of meat supplier Monday, 21 Jul 2014 | 1:13 AM ET

    BEIJING— McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.

  • *China railway sector rises on state support. *China airlines fall after another profit warning. HONG KONG, July 21- China shares held a soft tone on Monday, with investors preparing a sizable amount of money for upcoming initial public offerings, while Hong Kong was flat.