Thursday, July 5, 2007

PRESS DIGEST - New York Times business news - July 5

(Reuters) - * China said that nearly a fifth of the food and consumer
products that it checked in a nationwide survey this year were
found to be substandard or tainted, underscoring the risk faced
by its own consumers even as the country's exports come under
greater scrutiny overseas.




* World stock markets rose Wednesday, with shares in Hong
Kong and South Korea closing at new highs. European indexes
were buoyed by shares of hotel companies after Hilton Hotels
Corp. agreed to be bought by the equity firm the
Blackstone Group .


Read more at Reuters.com Mergers News

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