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This Indian bank merger must put strategy before size

He may have struggled to mend India’s broken banking system, but at least Prime Minister Narendra Modi is shrinking the number of state-run banks to 19 from 26. Although that’s nowhere close to the original idea of ending up with just six, it’s a good start. The next step will be to nudge most taxpayer-funded banks away from me-too corporate ...

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Ma warns Alibaba, China to prepare for 20-year trade war

Bloomberg Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the US to last longer and have a bigger impact than most people think. China’s richest man said the dispute could last 20 years and persist beyond the presidency of Donald Trump, as the world’s two strongest economic powers ...

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Beijing decreases US Treasury holdings as trade war intensifies

Bloomberg China’s holdings of US Treasuries fell to a six-month low in July, just as a trade war between the world’s two largest economies began heating up. China’s ownership of US bonds, bills and notes slipped to $1.17 trillion, the lowest level since January and down from $1.18 trillion in June, according to data released by the Treasury Department. Japan, ...

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