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Baidu profit beats estimates

Revenue jumps 39% to 7.56 bn yuan

Gold scrap supply likely to drop up to 25%

Scrap bullion supply could fall by 300 to 400 tonnes in 2013 from about 1,600 tonnes last year

Euro area July manufacturing expands

A manufacturing index based on a survey of purchasing managers rose to 50.1 from 48.8 in June

Congress tells Detroit to forget bailout

During last year's campaign, President Barack Obama touted the $82 billion bailout of the auto industry

'SAC Capital may be criminally charged'

SAC oversees $15 bn, about 60% of which is money from Cohen and employees

SAC says Cohen has no recollection of Dell email cited by SEC

There's no evidence Cohen ever read the communication

Banks face Fed restoring barriers in commodities

A panel is holding a hearing on Tuesday on banks' investments in physical commodities assets

Record HUL bearish bets signal stock drop

McDonald's falls as Q2 profit trails estimates

Net income rose 3.7% to $1.4 bn from $1.35 bn a year earlier

Julius Baer says client trading boosts first-half gross margins

Says the wealth units purchased last year may boost client assets by $76.6 bn by 2015

GSK says executives appear to have broken Chinese law

GSK faces allegations of economic crimes involving $489 mn of spurious travel, meeting expenses and trade in sexual favours

High-end smartphone boom ending

The average price of a smartphone has plunged to $375 from $450 since the beginning of 2012, IDC estimates

Japan Inc pushes tax-cuts-to-trade agenda for Shinzo Abe after win

The Japanese yen and stocks both rose after the Liberal Democratic Party election victory

Nations pledge global growth as China changes lending rules

G-20 nations will pursue "carefully calibrated and clearly communicated" policy moves and will move "more rapidly" toward market-determined exchange rate systems

Volatile Shibor unready as PBOC frees loan rates

Chidambaram sees no shift in RBI stance after rate move

The Centre is trying to steady the rupee as the possibility of reduced US monetary stimulus undercut demand for emerging-market assets

Swiss casinos face hard times as Italians gamble at home

Honda's Fujino readies 'Flying Acura' to challenge Cessna

Says he expects the jet to secure US Federal Aviation Administration nod by next year

G-20 to seek clear communication to cushion Fed spillover effect

Microsoft profit misses estimates amid Surface writedown

Results also were hurt by a $900-million writedown of Surface tablet inventory, shaving seven cents a share from earnings