South Korea’s corporate model of tightly knit companies that act in concert under family control is under scrutiny after Hyundai’s $10bn purchase of a plot of land in Seoul’s Gangnam district. The FT’s Simon Mundy weighs the model’s pros and cons.
The latest on companies news
http://www.ft.com/companies
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Alibaba has been selling off hard over the past week to the surprise of many, including, painfully, us. It’s now down 9.3 percent from last week’s high at 120. The stock bounced near its 20-day moving average today, closing off 1.80 percent. The 20-day moving average is at 107.08 and rising and the key Fibonacci retracement levels are shown below. Stay tuned.
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Nov. 17 (Bloomberg) — Robert Bryce, senior fellow at Manhattan Institute, and Doug Kass, founder and president at Seabreeze Partners, discuss how oil productivity gains in the U.S. and around the world affect OPEC and the adverse economic effect of lower oil prices. They speak on “Bloomberg Surveillance.”
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Global Macro Monitor 