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The government of China has reacted strongly to an unsealed indictment by the US Justice Department accusing five Chinese military men of economic espionage, The Los Angeles Times reported.

Former Rothschild adviser Oliver Bender said that his company's initial assessment of the state of Hypo Alpe-Adria-Bank International AG prior to the stake acquisition by Bayerische Landesbank was that of a robust, growing company who had swap losses that were not adequately recognized by the state-backed lender, Bloomberg reported.

The official mouthpiece of the China Communist Party has made allegations in its Weibo microblog that the domestic unit of GlaxoSmithKline Plc has failed to pay import duties and taxes of its HIV treatment.