The economy has been supported by government subsidies to buy houses and cars, but with the subsidies phasing out, it’s time to see how well the economy can perform without them.
Vivendi SA, the Paris entertainment company, can decide beginning Sunday to sell its 20% holding in NBC Universal, the operator of theme parks, a movie studio and TV networks and channels, Bloomberg News reports.
Citigroup agreed to sell its 93.5% holding in Bellsystem24, the Japanese operator of call centers, for 93.5 billion yen ($1 billion) to an affiliate of the private-equity firm Bain Capital.
Grupo Mexico, the mining company, wins a ruling that barring appeals will give it control of Asarco LLC, the Tucson, Ariz., integrated copper miner, The Wall Street Journal reported on Saturday.
Louisiana Democrat was convicted of bribery, money laundering and racketeering in alleged schmes to shake down businessmen seeking his help on deals in Africa.
President Barack Obama says the U.S. will seek to increase cooperation with China, and also warns of the 'limits' of relying on American consumers and Asian exports to drive global growth.