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Norway DNB sees investors lining up for bail-in bonds

Bloomberg The European bank with the most capital relative to total assets is DNB ASA of Norway. That pedigree will make it easier to sell a new kind of senior debt that’s designed to absorb losses if issuers get into trouble, according to the bank. “We don’t think that will be a big challenge or problem for DNB due to ...

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Whole Foods’ 365 chain moving ahead under Amazon’s watch

Bloomberg Whole Foods Market’s lower-priced offshoot chain, whose future was questioned after Amazon.com Inc. took control of the company in 2017, is cautiously plowing ahead. The business, known as 365 by Whole Foods Market, opened its latest store this week in Brooklyn—its first location on the East Coast. And the division is still signing leases and plans to open at ...

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Alibaba leads $300mn funding for India’s online grocer

Bloomberg Alibaba Group Holding Ltd led a $300 million investment into India’s biggest online grocer Bigbasket, signaling that the region’s segment is firing up. Hari Menon, Bigbasket’s co-founder and chief executive officer, said the investment values the company at $950 million—just $50 million under the $1 billion valuation that would have earned it tech unicorn status. “We wanted a strategic ...

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