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Bloomberg China is prepared to increase its holdings of US Treasuries under the right circumstances, as officials judge the assets are becoming more attractive than other sovereign debt and as the yuan stabilizes, according to people familiar with the matter. Treasuries surged on the news, driving yields to the lowest since November. The people didn’t specify the exact circumstances for ...

Bloomberg Land prices in Tokyo’s central Chuo ward, home to the famous Ginza shopping district, have jumped by 51 percent in four years. In Osaka, they are up by nearly half. Booming construction of hotels, office buildings, shopping centers and apartments, financed by record lending for real estate by Japanese banks, has driven the gains. Now some investors surveying Japan’s ...

Bloomberg The head of the US Food and Drug Administration is considering using the agency’s powers to bring more price competition to the market for generic drugs, targeting high-priced products by prioritizing the approval of additional competing treatments. FDA Commissioner Scott Gottlieb said in an interview that the agency is looking at how to push applications to the front of ...

Bloomberg German factory orders fell after two consecutive months of expansion in a sign that growth in Europe’s largest economy may be steadying after a strong start of the year. Orders, adjusted for seasonal swings and inflation, dropped 2.1 percent in April, after expanding an upwardly revised 1.1 percent in March, data from the Economy Ministry in Berlin showed on ...

Bloomberg Dish Network Corp. must pay $280 million to the US and four states for using robocalls to consumers on do-not-call lists, marking what the government says is a record fine for telemarketing violations. US District Judge Sue Myerscough issued the order, directing the company to pay $168 million to the federal government and $84 million to California, Illinois, North ...

Bloomberg The century-old mining giant Anglo American Plc named Stuart Chambers as its new chairman less than a year after he steered UK chipmaker ARM Holdings Plc through a $32 billion takeover. Chambers, a former chairman at ARM and Rexam Plc, will join Anglo’s board in September and take over the post in November, the company said in a statement ...

Bloomberg Chancellor Angela Merkel’s government backed the withdrawal of German troops from Turkey, escalating a feud between two NATO allies and major trading partners. Germany will seek talks with the US and other allies in the coalition fighting IS in Syria and Iraq to make the transition from Incirlik to a base in Jordan as smooth as possible, Defense Minister ...

Bloomberg Turkey’s President Recep Tayyip Erdogan lined up behind Qatar in its feud with Saudi Arabia and regional allies, offering to mediate a resolution of a crisis that has thrown one of the world’s most strategically important regions into turmoil. Categorization of Qatar as a terrorist state won’t help alleviate the problems facing the region which is in need of ...

Bloomberg IS claimed its first attack on Iran, as suicide bombers and gunmen struck at the heart of the country’s political and religious establishment on Wednesday. Assailants entered the parliament building in Tehran and the shrine of the Islamic Republic’s founder, Ayatollah Ruhollah Khomeini, to the south of the city. At least two people were killed in the legislature, Tasnim ...

Bloomberg South Korea’s new president is suspending the installation of remaining components of a controversial US missile shield pending an environmental impact assessment, Yonhap News reported, leaving the system incomplete while North Korea steps up its missile development. “We are not saying the two launchers and other equipment that has already been deployed should be withdrawn,” a senior official at ...