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Australia’s economy could be in better shape than GDP suggests

Bloomberg Australia’s best three months of hiring since 2004 has brought the jobs market into line with buoyant business conditions — signaling the economy could be in better shape than recent GDP data showed. At the Reserve Bank of Australia, there’ll be some relief. For months, it’s repeated that forward indicators suggested higher employment and lower unemployment were in the ...

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Jack Ma explores joining $1.5bn Grab fundraising

Bloomberg Alibaba co-founder Jack Ma may team up with SoftBank Group Corp.’s Masayoshi Son in a $1.5 billion investment in ride-hailing startup Grab, according to people familiar with the matter. The investment would be part of Grab’s previously reported $1.5 billion fundraising, led by SoftBank and aimed at giving the Singaporean startup cash to battle Uber Technologies Inc. in Southeast ...

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Vanke in talks to join China consortium in GLP bidding

Bloomberg China Vanke Co., a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd., people with knowledge of the matter said. The Shenzhen-based homebuilder has discussed becoming one of about six major investors in the Chinese bidding group backed by Hopu Investment Management, Hillhouse Capital ...

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