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Billboard reported that Amazon.com lost .40 on every 99 cent album that it sold. (The promotion has since ended, and “Born this Way is now selling for .99 on Amazon).

Billy wong / China Daily

Books, once again, are only the beginning ― we can expect stores will eventually include other categories. Sources familiar with the effort say the team aims to reinvent the shopping experience by merging the best of retail with the best of Amazon.

Bloomberg quoted Neeraj Seth, the Singapore-based head of Asian credit at Black-Rock Inc, the world's largest money manager, as saying that China is important to Asian growth from a currency market standpoint. The yuan's bounce "further strengthens the view that we are in a more stable Asian currency regime right now".

Bloomberg cited the IEA as saying China will dethrone the US of its position at the top of the refining pack as early as next year.