AT THE end of last month, the Chinese yuan was the first currency of an emerging country to receive permission to join the International Monetary Fund’s Special Drawing Rights basket. For those who have no idea about the SDR, it is a fund created in 1969

BEIJING (AFP) - Shoppers spent nearly $8 billion in the first 10 hours of Chinese e-commerce giant Alibaba's "Singles Day" event on Wednesday, the firm said, reinforcing its status as the world's biggest online retail promotion.