SHANGHAI — British Prime Minister David Cameron on Tuesday mounted a robust defense of GlaxoSmithKline’s (GSK.L) business practices in China — where it is being investigated for alleged bribery — calling the firm «very decent».
Cameron’s intervention came a day after he raised GSK’s situation with China’s top leadership in a move one person familiar with the conversation said was designed to draw a line under the company’s woes and ensure it was treated fairly.
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LONDON/NEW YORK — Another month of slower factory activity in China and a sharp decline in a closely watched gauge of U.S. manufacturing on Thursday added to concern about the state of the global economy.
Surveys also showed business activity across the 18-country euro zone slowed this month, confounding expectations of an acceleration.
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Facebook Inc’s purchase of fast-growing messaging startup WhatsApp for an eye-popping $19 billion largely won approval from analysts, who said the deal made strategic sense as it will solidify the social network’s position as a leader in mobile.
Facebook shares closed up 2.3 percent at $69.63 after falling as much as 3 percent in early trading as investors got over the initial sticker shock of the deal value.
BEIJING — China’s commerce ministry called on the United States on Sunday to stop anti-dumping investigations into imports of solar power products from China, expressing «serious concern» and vowing to defend its producers.
U.S. trade officials on Thursday opened investigations into imports of certain solar power products from China and Taiwan, a move that could have a major impact on the nation’s fast-growing solar market.