Apple's Cook: U.S. Tax Code Handicaps Companies

May 21 (Bloomberg) -- Tim Cook, chief executive officer of Apple Inc., said the iPhone maker doesn't use "gimmicks" to avoid taxes. Cook, testifying before the Senate Permanent Subcommittee on Investigations in Washington, said the current U.S. tax code "handicaps" American companies. (This is an excerpt from the hearing. Source: Bloomberg)

IMF Expected to Include Yuan in SDR Basket
26:37 - Mo Apabhai, head of Asia trading strategy at Citigroup, discusses the IMF's decision to include the yuan in its SDR basket and China's factory PMI data due out later this week. He speaks to Bloomberg's Zeb Eckert, Yvonne Man, Angie Lau and Rishaad Salamat on "Asia Edge." (Source: Bloomberg)
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