Accounting Rule Started the Olam Muddy Spat

Short-seller Carson Block’s Muddy Waters LLC says that believing commodity trader Olam International Ltd.’s accounting requires a “leap of faith.” The ambiguity lies with the rules as much as the company.
China Official PMI Slips to a Five-Month Low
11:06 - China’s factory floor is falling victim to the wider economic slowdown. Official PMI numbers released over the weekend show the gauge slipped to a five-month low. It’s a sign that months of easing monetary policy are yet to have the desired effect. Bloomberg’s Enda Curran reports on “First Up.” (Source: Bloomberg)
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