Business Latest News: Analysis: China Leaders Play Safe on Reforms as Growth Sags

Wochit 0:53 mins

For all the strong rhetoric, China's latest policy actions suggest a shift in focus on the economy to mix relatively pain-free reforms that burnish Beijing's credentials for change with measures to prop up sagging growth. The European Central Bank (ECB) could soon publish the minutes of its Governing Council meetings, which until now have been kept secret, two of the central bank's executive board members said, according to a German newspaper. Martin Sorrell, head of world No. 1 ad group WPP, congratulated long-time rival Maurice Levy on persuading Omnicom to merge, adding that further consolidation was inevitable in the industry.

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