Pershing Square’s accumulation of shares in Allergan before a takeover bid was disclosed raises the question of how far the prohibition on insider trading ought to extend, Peter J. Henning writes in the White Collar Watch column.
Bank of China reported a jump in bad loans in the first half of this year even as its profit growth picked up, sounding a cautious note for big Chinese banks as they report results amid slowing economic growth.
European stocks extended the previous session's gains, tracking Monday's advances on Wall Street and feeding off a further easing of tensions in Ukraine—even though the situation remains highly delicate.
Danish shipping and oil conglomerate A.P. Møller-Maersk raised its full-year underlying profit outlook, with its container shipping unit Maersk Line expected to earn "significantly" above what it did in 2013.