Former Ali Baba Exec Arrested for Accepting Bribes

Ali Baba says a former General Manager of one of its group buying websites has been arrested for accepting bribes. They say the employee was removed from his post in March for misconduct.

Yuan Addition to SDR to Draw Inflows to China: Pihlman
19:10 - Jukka Pihlman, head of central banks and sovereign wealth funds for Standard Chartered Bank in Singapore and a former researcher at the International Monetary Fund, talks about the IMF's plan to add China's yuan to its basket of reserve currencies. Pihlman speaks on Bloomberg Television's "First Up." (Source: Bloomberg)
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