10% of India’s second largest retailer to be acquired by Amazon

10% of India’s second largest retailer to be acquired by Amazon

The Amazon corporation is nearing a deal to acquire 10% of India’s Future Retail, Bloomberg reports, allowing the US behemoth to move in one of the world’s fastest-growing retail markets. Future Retail is India’s second-biggest retailer and is privately owned and run by billionaire Kishore Biyani. The company operates 2,000 stores in 400 Indian cities and a 10% share of the company is currently valued at €250 million. Amazon is said to be negotiating an option to buy a bigger share in time. According to retail consultants Technopak Advisors, India’s…

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Ten thoughts about coal import parity pricing

Ten thoughts about coal import parity pricing

Some perspectives about the ‘Rotterdam plus’ formula and methods for calculating the wholesale market energy price. Media brought this subject to the surface again as the National Anticorruption Bureau (NABU) served notices of suspicion to several officials because of the import parity formula for coal pricing. The first emotional and political statements didn’t provide us an answer as to whether the NABU decision is solidly grounded and how the case can be resolved. Hence this matter requires pure economic pragmatism. First of all, let’s remember why Ukraine introduced the ‘Rotterdam…

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Patten thinks Chinese intervention in Hong Kong will be a “disaster”

Patten thinks Chinese intervention in Hong Kong will be a “disaster”

Hong Kong’s last British governor Chris Patten on Tuesday (13 August) cautioned that if China intervened in Hong Kong it would be a catastrophe and that Chinese President Xi Jinping should see the wisdom of trying to bring people together. Patten said it was counter productive of the Chinese to warn of “other methods” if the protests did not stop. “That would be a catastrophe for China and of course for Hong Kong,” Patten told BBC radio. “Since President Xi has been in office, there’s been a crackdown on dissent…

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