A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
Investors
Space and the Perseid Meteor Shower
The Perseid meteor shower's annual show is set to occur in the next few weeks. The annual Perseid meteor shower would be occurring tonight. Around this time each year, the Earth would be passing through the intergalactic orbit of a comet named Swift Tuttle.
The story behind the PGA winnings
The PGA tour is not just about winnings, its about charity given to the communities who host them. In the third round of the PGA Championship, Jason Dufner was holding a two shot lead.
India announces indigenous nuclear submarine close to nuclear triad completion
India announced the activation of the atomic reactor of its first nuclear submarine, a first step for the completion of its nuclear triad.
First GSK, now China focuses investigations on Sanofi
Xinhua reported that French drugmaker Sanofi had become the focus of bribery investigations by Chinese authorities.
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President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Shares of Sony Corp fell 3% after it said no to the proposal of Daniel Loeb to sell one-fifth of its entertainment business.
Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.
Kenyan President Uhuru Kenyatta revealed that his government will be constructing a temporary terminal that will hold 2.5 million passengers.
MorphoSys announced that Celgene will be acquiring a 3.4% equity stake capital in their company through a capital increase.
The reported collaboration between BlackBerry and Silver Lake Partners could help each other grow their individual market share.
ConocoPhillips submitted its application for permits to drill a production well in a new field in the Alaska national reserve.
Zachary Karabell asked if it really matters who the next chairman of the Federal Reserve will be. Zachary Karabell of Reuters posed the question, "Does it really matter who the next chair of the Federal Reserve is?" The query came as President Obama looks for Chairman Ben Bernanke's successor.
Caesars Entertainment decided to sell a golf course it owns in Macau for USD 438 million to Pearl Dynasty Investment, formally ending its wait to be issued a casino operating license.
