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EBay shares fall on tepid profit forecast

"Our focus continues to be on improving the customer experience, and we won't hesitate to trade off short-term results when necessary," eBay Chief Executive Devin Wenig says.

Source: Reuters

Blackstone's Stephen Schwarzman and Alibaba's Jack Ma host US-China Business Leaders Summit

Blackstone Chairman and CEO Stephen Schwarzman and Jack Ma, executive chairman of Alibaba, co-chaired the inaugural U.S.-China Business Leaders Summit at the U.S. Department of Commerce.

Source: CNBC.com

China's economic growth holds steady despite slowdown fears

BEIJING— China's economic growth held steady in the latest quarter, boosted by unexpectedly strong trade and consumer spending, despite fears tighter lending controls aimed at cooling a surge in debt are weighing on commercial activity. But the economy faces headwinds as Beijing clamps down on lending to rein in a surge in debt that has fueled fears it might...

Source: The Associated Press

AIG Announces the Appointment of Seraina Macia as Chief Executive Officer of Planned Technology-Focused Subsidiary

NEW YORK---- American International Group, Inc. announced today the appointment of Seraina Macia as Executive Vice President and Chief Executive Officer of a new planned subsidiary that aims to transform the way that AIG delivers and underwrites commercial insurance. On May 15, 2017, AIG announced its intention to acquire Hamilton USA, the U.S. platform of...

Source: Business Wire

Soumitra Dutta of Cornell University Assumes Chairmanship of AACSB International's Board of Directors

TAMPA, Fla., July 12, 2017/ PRNewswire-USNewswire/-- Soumitra Dutta, founding dean of SC Johnson College of Business at Cornell University, began a one-year term on July 1, 2017, as chair of the board of directors of AACSB International. "Soumitra is known for his contribution to and authority on new technology in the business world, and on innovation policy," said...

Source: PR Newswire

UPDATE 2-China's June factory price inflation subdued on modest raw materials recovery

*China June CPI +1.5 pct y/y, same as previous month. BEIJING, July 10- China's producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the steel sector and as signs of economic weakness weighed on the outlook for prices. China's June consumer prices rose 1.5 percent from a year earlier,...

Source: Reuters

UPDATE 1-China's June factory price inflation subdued on modest raw materials recovery

*China June CPI +1.5 pct y/y, same as previous month. BEIJING, July 10- China's producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the steel sector and as signs of economic weakness weighed on the outlook for prices. China's June consumer prices rose 1.5 percent from a year earlier,...

Source: Reuters

As elites switch to texting, watchdogs are fearing loss of transparency

Apps like WhatsApp, Signal and Confide are making inroads among lawmakers, corporate executives and other prominent communicators, N.Y. Times reports.

Source: The New York Times

UPDATE 1-China's Xi urges open world economy at G20 summit

HAMBURG, Germany, July 7- Chinese President Xi Jinping on Friday called on members of the Group of 20 nations to champion an open world economy, strengthen macroeconomic policy coordination and forestall risks in financial markets, state news agency Xinhua reported. Speaking at the G20 summit in the German city of Hamburg, Xi also urged member states to follow a "...

Source: Reuters

UPDATE 1-China June FX reserves rise to 8-month high as outflows ease

BEIJING, July 7- China's foreign exchange reserves edged up in June for a fifth consecutive month, in line with market expectations, as capital outflows eased in the face of tighter regulations and the dollar's rally paused. "China's foreign exchange reserves suggest that outflow pressures may have eased last month," wrote Julian Evans-Pritchard, China...

Source: Reuters