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China to loosen curbs on stock exchange pacts

  Bloomberg China’s futures exchange is planning to relax the restrictions on stock-index contracts that sparked a 99 percent plunge in trading and heightened concern over the government’s intervention in markets, according to people familiar with the matter. The bourse is considering allowing non-hedging accounts to open 100 new positions a day on a single contract, the people said. Currently, ...

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Air Force calls Lockheed’s jet ready for limited combat

  Bloomberg The US Air Force declared its version of Lockheed Martin Corp.’s F-35 ready if needed for limited combat operations, a milestone for the $379 billion program that’s the Pentagon’s costliest. The service’s announcement that the combat jet has an “initial operational capability” reflects progress after early years marked by development setbacks and rising costs. But the F-35 is ...

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Money-for-parents policy has top Polish retailer on job hunt

  Bloomberg The roll-out of the Polish government’s flagship welfare program hit the country’s biggest retailer with a bittersweet result last quarter, lifting sales while also pressuring it to raise wages as it struggles to hire new workers. Sales at Portugal’s Jeronimo Martins SGPS SA’s Polish Biedronka supermarket chain jumped 10.2 percent in April to June from a year earlier ...

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