SHANGHAI (Reuters) - Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S.
SHANGHAI - In the latest sign that China is loosening its tight grip over the economy, the government said on Saturday that the value of its currency would now be allowed to fluctuate more widely against the United States dollar.
Markets are reacting in real time to Russia's military incursion into the Crimea section of Ukraine. The chart shows the performance of stocks, bonds and the ruble, along with indicators of the investment risk associated with Russia.
Brian Wilson launched a small drone with a video camera to fly over the scene of an explosion that leveled two apartment buildings in East Harlem in New York last week.
RWE, Germany's second largest utility, said on Sunday that it would sell its upstream oil and gas business to two Russian oligarchs for $7 billion.