Grifols takes $494M hit from Shanghai RAAS stake

Spanish plasma therapeutics company Grifols (NASDAQ:GRFS) on Tuesday reported an accounting adjustment of €457M ($494M) to account for a previously overstated value in its stake in Chinese blood ... ( read original story ...)

10 Chinese banks reduce deposit rates

A TOTAL of 10 Chinese commercial banks simultaneously cut deposit interest rates on Monday, following the Chinese central bank's interest rate cuts announced on July 22. Analysts said the banks' move ... ( read original story ...)