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Banks are vying for dominance in Europe’s east

Bloomberg European banks are vying for dominance in one of the continent’s most dynamic corners. Governments in parts of eastern Europe, where growth is outpacing the euro area, are loosening their grip on state-held assets. Serbia and Slovenia are the latest to offer stakes in their banks, opening up a potential battlefield as OTP Bank Nyrt of Hungary, Vienna-based Raiffeisen ...

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Surge in holiday online sales may bring February hangover

Bloomberg The initial Black Friday results have reinforced that this US holiday shopping season will be one of the best in recent memory. But even in good times, there are concerns for retailers. The takeaway from the past few days is that Americans are spending at unprecedented levels, and the overwhelming majority of that growth — if not all of ...

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More Indian retailers in Amazon’s shopping cart

Bloomberg Amazon.com Inc. is on a shopping spree in India. Helmed by the world’s richest man Jeff Bezos, Amazon has bought into one brick-and-mortar retailer, backed purchase of another and is reported to be in talks to acquire a stake in at least one more as the online retailing giant looks to get more boots on the ground in the ...

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