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Zimbabwe bourse’s CEO bemoans 80% local currency crash

Bloomberg When it comes to adverse conditions for stock-market trading, Zimbabwe’s bourse belongs in a special category for extreme cases. Consider the challenges confronting Zimbabwe Stock Exchange Chief Executive Officer Justin Bgoni: a local currency that has crashed more than 80% since a peg to the US dollar was ended in February and annual inflation that the International Monetary Fund ...

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Alibaba seals $38b Singles’ Day sales record

Bloomberg Alibaba Group Holding Ltd logged more than 268 billion yuan ($38.3 billion) of purchases during its Singles’ Day bonanza, exceeding last year’s record haul after a 24-hour shopping marathon. An estimated half-billion shoppers from China to Russia and Argentina swarmed the e-commerce giant’s sites to scoop up everything from Apple Inc and Xiaomi Corp gadgets to Ugandan mangoes. The ...

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Boeing 777X engine damaged in shipping mishap before flight test

Bloomberg Boeing Co said one of the first revamped General Electric Co engines intended to power its 777X flight-test aircraft was damaged during a freak shipping accident last month. While the incident isn’t expected to create a new delay for the 777X, it does add to a string of mishaps to confound Boeing’s newest model. The 777X is already behind ...

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