Twenty-five asset managers, including 11 international ones, are seeking participation in China's mutual recognition of funds, says Ashley Alder, CEO of Hong Kong's Securities and Futures Commission. Restrictions on fund sales between China and Hong Kong are being loosened, drawing interest.
Some of America's biggest beer producers are amping up their corporate social responsibility programs, with a focus on promoting water conservation and more sustainable agricultural technologies. "Hopefully it will be an example for other companies to replicate. What helps with barley can also help with wheat, can help with potatoes, can help with soy," said John Rogers, global director of agricultural development at Anheuser-Busch InBev.
New Jersey could be the first state to implement a lottery that would pay off student loans for winners. The proposed lottery would sell tickets at no more than $3 apiece, and if the loan were less than the award, other students would be chosen to receive the remainder of the money, according to the lawmaker who introduced the measure.
Greek officials are working on a rescue proposal as banks run low on money. Prime Minister Alexis Tsipras is expected to deliver the offer to international creditors at a eurozone summit tonight in Brussels. Leaders of EU states are developing a common position on the deepening Greek crisis.
Restaurants and bakeries continue to feel the pinch of higher egg prices after the worst U.S. avian flu epidemic in more than three decades. Shakers American Cafe in Central Florida has spent $250 more per week for eggs during the past six weeks, and Se7en Bites bakery has seen the prices it pays for eggs triple.
Just over 50% of more than 180,000 adults across the U.S. said they are watching or reducing their daily sodium or salt intake, according to a survey published in CDC's Morbidity and Mortality Weekly Report. Researchers found that efforts to reduce salt intake were highest in areas with high rates of high blood pressure.
The U.S. team's victory over Japan in the Women's World Cup sparked a flurry of celebratory tweets, including a number of off-color messages relating the victory to the Pearl Harbor attack. Some Twitter users pushed back against the messages and called for a more sporting approach.
Barnes & Noble has chosen Sears Canada CEO Ronald Boire to head the bookseller's retail operations after it spins off its college stores into a separate company next month. Boire joined Sears Canada in 2012 and was named acting CEO two years later; his resume also includes stints at Brookstone, Toys R Us and Best Buy.
"Minecraft: Story Mode" will debut on PlayStation 3 and 4, Xbox One and Xbox 360, and PCs and Macs by the end of the year, Adam Rosenberg writes. The game, developed by Telltale Games, will be "driven by the choices that players make" and will feature a celebrity cast led by Patton Oswalt. Brian Posehn, Ashley Johnson and Corey Feldman will be among the other actors lending their voices to the game.
The Obama administration said it will update the regulatory system for biotech products, which is almost 30 years old, to ensure the protection of public health and address regulatory challenges for biotech firms. The initial framework update is expected to be completed in about a year, and public input will be accepted. BIO expressed support for the plan and said it is hoping for a new policy that is "timely, predictable, based upon the best available science, and incorporates 20-plus years of experience with the technology."
HTC reported a net loss of $261 million in the second quarter, ending a streak of four quarters of slight net profits. Revenues fell by nearly half compared with the same period a year ago, and the Taiwanese phone-maker closed some production lines.
The Japanese government will go forward with construction of an Olympic stadium in Tokyo regardless of pushback from Tokyo's governor and concern over who will pay for it. The 230-foot-high, turtle-shaped building designed by Zaha Hadid has been controversial from the start. Nevertheless, the Japan Sport Council has hired a contractor to build it.
Ohio lawmakers should support wind energy development because the taxes paid by wind farms yield huge economic rewards for the state's schools and other areas of development, writes Jeff Snyder, superintendent of the Lincolnview school district in Ohio. The school district receives $400,000 in taxes annually from Iberdrola Renewables. "We didn't have to go ask our community to pay more in taxes. Instead we took advantage of the natural wind that has always blown in our own backyards," he writes.
United Airlines is preparing to launch a test-flight from Los Angeles to San Francisco powered by biofuels. The plan is to then gradually phase a 30% biofuel blend out to the rest of the fleet.
AccorHotels is partnering with AAA ACTIVOS to build a chain of 50 hotels in Angola. "This historical and unheard of establishment of a hospitality group in Angola, which was made possible through our partnership with AAA ACTIVOS LDA, testifies to AccorHotels' ambition in Africa, where tourism is rapidly evolving," said AccorHotels CEO and Chairman Sebastien Bazin.