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reuters.com

Yellen 'eager' to work with China on debt, other global challenges (www.reuters.com)

GANDHINAGAR, India, July 16 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered....

China's Xiaomi bets bigger on India retail stores amid Samsung rivalry (www.reuters.com)

NEW DELHI, July 16 (Reuters) - China’s Xiaomi (1810.HK) will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South Korea’s Samsung (005930.KS)....

Elon Musk says Twitter's cash flow still negative as ad revenue drops 50% (www.reuters.com)

Elon Musk says Twitter’s cash flow still negative as ad revenue drops 50%::Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June.

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