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China to cut bank loans to local govts-regulator

Goldman sells $479 million worth of ICBC shares for client

Goldman Sachs International sold HK$3.73 billion ($478.7 million) worth of shares in Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, in what it said was a transaction to help a client hedge its position in the bank.
Molson Coors struck a deal to buy StarBev, a leading Eastern European brewer, in a bid to expand to that region

Economy Bad Enough that People Are Buying Less Beer?

In the tough economy, people are buying less Coors beer. Molson Coors Brewing Co. said Tuesday weak sales hurt quarterly profits, citing weak economic conditions, sentiment that was underscored hours later when the U.S. Commerce Department released figures show consumer gains combined with rising fuel costs prompted Americans to pinch dollars more tightly -- and beer was apparently one of the items cut.
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'Headwinds' should keep RBA at bay

The TD-MI Monthly Inflation Gauge has indicated a 0.3% rise in July, bringing the year-on-year figure to 3.2%. The result takes inflation above the Reserve Bank's target band of two to three per cent.
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TCW data taken by Gundlach subordinate-testimony

A former Trust Company of the West employee intentionally snuck confidential data out of the company and misled investigators who tried to recover it, a former TCW senior vice president testified.
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HighTower lands Merrill private banking team

HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, on Monday said it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
Gold steady below record; debt talks eyed

Gold flat after South Korea buy

Gold was flat in early trade on Tuesday, supported by the gold purchase by South Korea's central bank, while investors watched the outcome of a vote on the debt deal.
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HighTower lands Merrill private bankers

HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, said on Monday it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
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Adobe Edge Embraces HTML5

The new release of Adobe Edge "allows web designers to bring animation, similar to that created in Flash Professional, to websites using standards likes HTML, JavaScript and CSS." "As the trend heads towards HTML 5, designers looking forward will have a strong incentive to learn HTML 5-capable animation frameworks, especially when Adobe develops them."
Ford F Series

Ford Recalls One Million F-150 Trucks

Ford is recalling one million F-150 trucks, its most popular vehicle, due to issues with the fuel tank straps corroding, according to the National Highway Traffic Safety Administration.

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