News that Alipay hooked up with First Data Corp. in the US may end up being more significant for both the Chinese fintech player and for Apple Inc. than Jack Ma’s $1.2 billion bid for an old-school payments provider, MoneyGram International Inc. In one swoop, the payments affiliate of Ma’s Alibaba Group Holding Ltd. gets access to 4 million …

  In 1989, Sears Roebuck & Co. ruled America as its biggest retailer. It loomed over rivals from a perch high above Chicago, inside what was once the world’s tallest building—one bearing the company’s name. The fall from that height may finally be nearing an end. Over the course of almost three decades, the company experienced what industry observers described …

  DUBAI / WAM The Dubai Financial Market Company (DFM) announced its financial results for the first quarter of the year ending 31 March 2017, reporting a net profit of AED102.34 million, 19% increase compared to AED86 million during the corresponding period of 2016. The company’s total revenue has grown by 18% to AED149.34 million in Q1 of 2017 compared to …