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The automobile industry is overdue some mega-mergers

Love is in the air again among the world’s automotive manufacturers. The alliance of Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. aims to restart merger talks in 12 months before moving on to a takeover of Fiat Chrysler Automobiles NV, the Financial Times reported last week. Peugeot-owner PSA Group is also looking to build a partnership with Fiat ...

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Thai impasse may send a wave of baht across Asia

More than a week after Thailand’s first election in eight years, there’s still little clarity about the nation’s political future. The more frustrating that stalemate becomes, the bigger the incentive for Bangkok businesses to venture overseas. The March 24 polls, it seems, have solved nothing. If holding elections under a new constitution was supposed to lift politics from the streets ...

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Missing unicorns cast doubt on a Shanghai dream

Where are the unicorns? China’s first batch of candidates for its version of the tech-focused Nasdaq is an uninspiring bunch. Nine companies have been vetted for listing on Shanghai’s Science and Technology Innovation Board, out of 19 that filed applications. They’re also tiny, planning to raise just $1.6 billion combined. That’s a fraction of the $5.4 billion Xiaomi Corp. took ...

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