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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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US stocks extend losses; Treasuries resume rally

Bloomberg US equities extended losses and European shares climbed as investors reassessed the strong rally that started the week. Treasuries resumed their charge higher, while the pound weakened after Britain’s parliament once again failed to reach a consensus on Brexit. The Dow was dragged down by Walgreens Boots Alliance Inc after lower pharmacy reimbrusements hurt earnings at the drugstore chain. ...

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