The birth of Facebook Inc. depicted in the 2010 movie “The Social Network” shows competition working exactly as market economists say it should.
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Indian billionaire Anil Agarwal's Vedanta Resources Plc named AngloGold Ashanti Ltd.'s Srinivasan Venkatakrishnan as its new chief executive officer as the diversified miner ended a year-long search for a new boss. Venkatakrishnan, who takes over from interim CEO Kuldip Kaura, will leave
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Oil retreated from its highest close in three years in New York as Middle East tensions abated on speculation that U.S.-led military intervention in Syria won't go beyond the weekend's missile strikes. Futures slipped as much as 1.9 percent in New York. President Donald Trump declared “mission
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During the price crash of 2014 to 2017, Big Oil weathered the storm thanks to what the industry calls downstream. Margins from refining, petrochemicals and fuel stations shone as crude got cheaper, bringing in profits that helped sustain companies including Exxon Mobil Corp., Royal Dutch Shell Plc
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A Bloomberg survey showed economists forecasting the deficit to widen to 2.5 percent of GDP by the fourth quarter of 2018. Divya Devesh, Asia FX strategist at Standard Chartered Plc in Singapore, said it is likely that India will drop off the monitoring list in the coming year, given a probable widening of
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