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Business Matters: New York Steals Alibaba for IPO

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26/09/2013

New York Steals Alibaba for IPO

BBC World Service - Business Matters, New York Steals Alibaba for IPO

The Chinese e-commerce company Alibaba gets ready to float on the New York Stock Exchange

The Chinese e-commerce company Alibaba gets ready to float on the New York Stock Exchange.

Alibaba the world's largest e-commerce company is getting ready to launch on the stock market. However, it looks like it won't be able to float on the Hong Kong market thanks to the strict laws there - so the New York Stock Exchange may get the biggest IPO (Initial Public Offering) since Facebook. We ask whether this is a coup for Wall Street.

Thousands of Brazilians have had to flee their homes in a city south of Sao Paulo after a store of fertiliser caught fire in a warehouse. We get the latest. 

In what is becoming close to an annual ritual, a budget fight in Washington is again threatening to derail the world's largest economy, the USA. Just why can't the US get its act together?

Marc Jacobs - the designer behind Louis Vuitton - and Tom Ford, the fashion designer and film director, are both launching a range of cosmetics - for men.

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