‘A’ shares get MSCI nod in landmark moment for China’s markets

NEW YORK/HONG KONG (Reuters) – China’s stocks took a major step toward global acceptance on Wednesday, finally winning a long campaign for inclusion in a leading emerging markets benchmark, in what was seen as a milestone for global investing. U.S. index provider MSCI said on Wednesday Hong Kong time it would add a selection of China’s so-called “A” shares to its Emerging Markets Index after having rejected them for three years running.

Amazon to buy Whole Foods for $13.7 billion, wielding online might in brick-and-mortar world

(Reuters) – Amazon.com Inc said on Friday it would buy Whole Foods Market Inc for $13.7 billion, in an embrace of brick-and-mortar stores that could turn the high-end grocer into a mass-market merchant and upend the already struggling U.S. retail industry.