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Wal-Mart seeks overseas success in China

  SHENZHEN / AP Zhong Guoyan sifted through piles of fish at a Wal-Mart in Shenzhen, one of China’s largest cities. She studied the fins, to make sure they were bright red and firm. She peered at the eyeballs — were they bulging? “When I come here, I have a look,” she said. “If it’s good, then I will buy it. ...

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China’s HNA buys stake in Virgin Australia

  Sydney / AFP Chinese aviation and tourism giant HNA is buying a 13 percent stake in Virgin Australia, the airline said on Tuesday, just a week after the Hainan company scooped up part of Portuguese national airline TAP. HNA, led by Chinese billionaire Chen Feng and best known as the parent of Hainan Airlines, will pay Aus$159 million (US$115 million) ...

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Ebbing air-travel demand set to take gloss off IATA gathering

  Dublin / Bloomberg Airline chiefs from around the world have begun gathering for their annual meeting against a background of increasing concern about a slowdown in demand just as carriers pile on capacity to exploit low oil prices. Only a few months ago, this week’s International Air Transport Association symposium in Dublin looked set to be dominated by talk ...

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