Exclusive: U.S. bank card companies to seek licenses to operate in China in months

HONG KONG (Reuters) – U.S.-based payment card companies, including American Express (AXP.N), MasterCard (MA.N) and Visa (V.N), are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the...

Trump warns Mueller against looking into his family finances apart from Russia probe

In an interview with the New York Times, President Donald Trump said Robert Mueller, the former FBI Director now acting as the special counsel heading the Russia probe, would be crossing a red line if he expanded the investigation to look at Trump family finances...

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources

HONG KONG (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said....

ECB’s Draghi to tread softly as markets anticipate the start of ‘tapering’ in September

“Our mission is not yet accomplished. We need patience and persistence. We need to be patient, because inflation convergence needs more time to show through convincingly in the data,” the ECB’s Chief Economist Peter Praet said in a speech July 6 in...