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Business & Finance

Citigroup pushed forward on a series of ill-fated metal financing deals in China despite internal warnings about the risks, leaving it exposed to losses that could take a big bite out of its growing commodities business.

Last week’s rebound in U.S. stocks may not be sustainable; it was driven partly by the fact that many mutual funds have risen less than the big indexes.

Xiaomi is raising more than $1 billion in its latest round of funding, valuing the Chinese smartphone maker at over $45 billion and making it one of the world’s most valuable tech startups.

Thai Union Frozen Products is acquiring U.S.-based Bumble Bee Seafoods for $1.51 billion.

Tokyo’s Haneda airport is challenging rival Narita’s status as the primary gateway to Japan, attracting a growing share of international passengers.

China said its economy was 3.4% larger last year than previously thought, mainly due to a more accurate counting of services and their impact on economic output.

Samsung Electronics said it would discontinue a mobile-messaging chat service that it had heavily promoted, the latest sign of its struggles to gain traction building the software and services that run on its smartphones.

Flipkart Internet raised $700 million in the third round of financing this year for India’s largest e-commerce company.

A Chinese executive at Nissan’s China joint venture is under investigation for alleged corruption.

China’s Fosun International and its partners again raised their offer for Club Méditerranée, highlighting the conglomerate’s determination to win a takeover battle for the French resorts operator.

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World-Wide

The U.S. said four Afghans from the Guantanamo Bay detention center were returned home, which U.S. officials cited as a sign of their confidence in the Afghan president.

An Australian woman was charged with murder in the deaths of seven of her children and her niece, whose bodies were found inside her home in Cairns.

Two New York City police officers were killed by a gunman who ambushed their patrol car, which officials called a targeted killing.

Tunisians began voting in the final round of a presidential election that pits a figure associated with the nation’s autocratic past against the interim president.