Xiaomi Says New IPhone Rival Outpacing Previous Model at Launch

Xiaomi Corp. said it’s confident its new iPhone rival will exceed the sales of its previous model, saying the phone saw record demand immediately after its debut on Saturday.
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PBOC Says Internet Users Spreading Rate-Cut Rumors Were Punished

(Bloomberg) -- China’s central bank said has punished two internet users who spread false information about interest-rate cuts, and it vowed to step up efforts to crack down on such offenses.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertHow SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.Bank Regulators Fight for Desks as OCC Returns to New York TowerThe People’s Bank of