Bloomberg Chinese industrial firms maintained a profit surge, underscoring the economy’s resilience even amid slowing factory output and investment. Industrial profits increased 16.5 percent in July from a year earlier, versus the 19.1 percent pace a month earlier, the nation’s statistics bureau said on Sunday. The robust earnings are giving policy makers room to combat excessive industrial capacity and curb ...

BEIRUT / Reuters Proposed tighter US sanctions on Hezbollah have been altered enough to allay fears of major damage to Lebanon’s economy, a sign Washington is taking concerns about Lebanese stability seriously, banking and political sources said. But banking figures told Reuters Lebanese authorities should not be complacent as US President Donald Trump’s future stance on Iran and its allies ...

Bloomberg The UK’s opposition Labour Party wants Britain to stay in the European Union’s single market for an extended period after it leaves the bloc, a shift in its position that could undermine Prime Minister Theresa May’s efforts to deliver her vision of Brexit. The proposal, which would mean no additional customs or migration controls in March 2019, would allow ...