Bloomberg Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Yet one year on, the technology titan has lost a whopping $344 billion in market capitalisation — the biggest wipe-out of shareholder value globally, according to data compiled by Bloomberg. Shortly after the ...

Bloomberg The Japanese government will raise 843 billion yen ($7.4 billion) from the sale of Japan Post Holdings Co shares — about $1 billion short of its original target — in the ongoing privatisation of the postal and financial-services giant. Shares in the secondary share sale were priced at 820.6 yen apiece, according to a statement, marking a 2% discount ...

ABU DHABI / WAM A UAE delegation, led by Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, attended the 61st Gulf Cooperation Council (GCC) Trade Cooperation Committee meeting that took place in Manama, Bahrain. The meeting was attended by Dr Nayef Al Hajraf, Secretary-General of the GCC, as well as high-profile officials and ministers of trade ...