James H Mcroberts

China's four largest state-run banks likely extended 220 billion yuan ($34.7 billion) of new yuan loans in July, a rise of 30 billion yuan from June, amid an array of policies by Beijing to ensure growth doesn't sharply decelerate, the state-run Shanghai Securities News reported Friday.

BHP Billiton Ltd. (BHP) said Friday its chief executive and the head of its petroleum division have elected to forgo their bonuses for last financial year after the company was forced to book a US$2.84 billion impairment charge against the value of U.S. shale gas assets bought just last year.

DBS Group Holdings Ltd. (D05.SG) said Friday its second-quarter net profit rose 10%, beating market expectations on the back of strong lending growth and a decline in allowances.

The head of Brazil's national petroleum agency, ANP, said Thursday a court order for Transocean Ltd. (RIG) to suspend operations in the country wasn't justified.

Bank of America Corp. (BAC) disclosed that it received subpoenas from the U.S. government, part of an inquiry related to how U.S. and European banks set Libor interest rates.

America Movil (AMX), owned by Mexican billionaire Carlos Slim, has emerged as the front-runner in the race for Yoigo, the Spanish mobile-phone unit of Swedish telecommunications company TeliaSonera AB (TLSN.SK), which has recently put its controlling stake in Yoigo up for sale, reports Expansion in

Kraft Foods Inc. (KFT) is headed for splitsville a bit sooner than expected, with attention quickly shifting from its final quarterly earnings report as a whole company to the food giant's prospects as two stand-alone companies .

The government of the state of Sao Paulo on Thursday offered to give tax breaks to General Motors (GM) in order to ensure that the auto maker boosts investment in the state and maintains jobs at its Sao Jose dos Campos factory.

Federal investigators have widened their probe of Western Union Co. (WU) in an ongoing money-laundering investigation, the company said Thursday.

Bank of America Corp. (BAC) disclosed that it received subpoenas from the U.S. government, part of an inquiry related to how U.S. and European banks set Libor interest rates.