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Dollar stores may not be able to get away without e-commerce

Bloomberg All of a sudden, big box stores are beating out their bargain bin brethren. Walmart Inc. and Target Corp. are reporting comparable sales at higher rates than the dollar stores, according to Quo Vadis Capital’s John Zolidis. Part of the pain? The dollar outlets have no strong e-commerce presence, which now “looks like a liability.” Target’s quarterly results reflected ...

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China says ‘no way’ to United’s workaround Taiwan reference

Bloomberg An attempt by United Airlines to duck the sticky issue of Taiwan has invited rebuke from China’s foreign ministry. After China told global carriers earlier this year to tweak their websites and list the separately ruled island as part of China — a directive the White House termed “ Orwellian nonsense” — American airlines are still finding themselves in ...

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Record trading, Shariah partnership boosts DGCX

DUBAI / Emirates Business The Dubai Gold and Commodities Exchange (DGCX) has recorded its highest ever daily Indian Rupee (INR) volume, trading 126,055 contracts on August 13. On the same day, the Exchange’s overall volume touched 185,630 contracts worth $4.17 billion, its second highest daily notional value since inception. Amidst continued market volatility, the DGCX traded over 2.08 million contracts ...

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