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KUALA LUMPUR: YTL Power Generation Sdn Bhd has yet to sign a power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) due to conditions precedent (CP) set by the latter.
NEW DELHI: India’s upper house of parliament passed a new bankruptcy code on Wednesday, as the opposition swung behind measures to take tougher action against corporate defaulters and help banks recover over US$120bil in troubled loans.
SYDNEY: An Australian court jailed on Friday the former head of China's Hanlong Mining Investment Pty Ltd for eight years, Australia's corporate regulator said, in one of the country's harshest sentences for insider trading.
LONDON: The Court of Appeal in London on Monday cut the sentence of Tom Hayes, a former trader jailed for conspiracy to rig global Libor interest rates, to 11 years from 14 after considering mitigating factors such as his Asperger’s syndrome diagnosis.
A quarter of a century after it opened for business, the Shanghai exchange as a whole has more than 1,000 listed firms, nearly 100 million investors - more than the membership of the Communist party - and a total market capitalisation of US$4.5 trillion. It has given companies a key funding source outside the state-dominated banking system and created new wealth for investors.