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Goldman to exit ICBC with US$1.4b stake selldown: IFR
HONG KONG - Goldman Sachs launched on Monday a sale of about US$1.1 billion (S$1.4 billion) worth of Hong Kong-traded shares in Industrial and Commercial Bank of China (ICBC),...
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Gold falls for eighth straight session, silver plunges
SINGAPORE - Gold fell for an eighth straight session on Monday to its weakest level in over a month, as fears that the US Federal Reserve may wind back its economic stimulus...
Luxury car prices fall in China as government pushes frugality
BEIJING - Prices of imported cars in China fell the most in five months, adding to signs that demand for luxury products was slowing because of a government campaign to rein in...
Thai economy below forecast, raises rate cut likelihood
BANGKOK - Thailand’s economy contracted more than expected in the January-March quarter from the previous three months, which economists said raised the chances that the central...
Asian stocks rise on signs of steady US recovery
BANGKOK — Evidence of a steady economic recovery in the United States helped push Asian stock markets higher today (May 20).
Japan manufacturers’ mood turns positive
TOKYO — Japanese manufacturers’ sentiment rose for a sixth straight month in May, turning positive for the first time in a year and reinforcing recent evidence that Prime...
Lead culture change to (re)gain an edge
In March 2011, Ms Sherry Hunt filed a whistle-blower lawsuit against Citigroup for passing on risky loans to the United States Federal Housing Administration and not disclosing...
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