Internet giant Alibaba said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China’s top hypermart operator, Sun Art Retail Group, part of a wider push into offline retail. As part of an alliance with Auchan Retail and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail […]
Read moreIndia, the world’s largest democracy, is showing an appetite for military rule — a potential indicator that the country’s nationalist politics are evolving. A majority of Indians, 53 percent, support military rule, according to a Pew Research Center survey released last week. The American think tank said India is one of only four countries that […]
Read moreStability — whether it be economic, social, political or cultural — is a key term Germans use to define what they believe makes them, and their country, so different from the rest of the world. The ensuing corollaries are predictability, dependability, responsibility, discipline and orderliness. Many of those things, elevated to the level of national […]
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One week ago, a full buffet seemed to open up in front of Wall Street’s underfed bears. Stocks in Europe and Japan, leaders all year, were in sharp pullbacks and Chinese growth numbers fell a bit short. Prices for high-yield corporate debt, a key support for equities, were sagging and their yields rising from historically […]
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