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Believe China’s Nigerian boondoggle when you see

Just when the world thought China was retreating — pushing acquisitive private companies to relinquish their global shopping sprees — it looks like Beijing might be getting out its check book again. China Civil Engineering Construction Corp. will build a $5.8 billion hydroelectric power station in eastern Nigeria, with 85 percent of the funding to come from Beijing’s Export-Import Bank, ...

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America’s superstar companies are a drag on growth

Here’s a story about the US economy that more people are telling these days. Since the 1980s, antitrust enforcement has gotten weaker. As a result, a few big companies have managed to capture a much bigger share of the market in various industries. Technology may have helped too, by letting big companies spread their geographic reach, and by creating network ...

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Dollar slips, Treasuries rise ahead of a big week for central bank

Bloomberg The dollar slipped and Treasuries rose as traders shifted focus from North Korea to a week packed with central-bank decisions, Federal Reserve speakers and economic data that will help illuminate the path of the global economy. The S&P 500 fell after a six-day rally as US markets reopened following the Labor Day holiday. The Stoxx Europe 600 Index traded ...

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