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Political forecasters are smart about everything except the future.
HONG KONG: Noble Group, Asia's biggest commodities trader, expects to ride out the market downturn and recover from recent accounting-related allegations by being nimbler and asset-light, its founder and chairman Richard Elman told Reuters in an interview.
When Datuk Ghani Abdullah first sets his eyes on the old building that used to house the old Sin Seng Nam Restaurant on Medan Pasar in Kuala Lumpur a few years ago, he was so intrigued by the back-story of the location that he knew he had to make a connection soon.
NEW YORK: The last few days have seen a flurry of purchases of ailing print journalism flagships. The Boston Globe was sold. Newsweek changed hands again. And, most spectacular of all, the Washington Post was bought for chump change. Meanwhile, the Tribune group - publisher of the Los Angeles Times and the Chicago Tribune - is readying itself for sale.
SINGAPORE: Indonesian currency traders are hoping they will need to take fewer toilet breaks, now that the central bank has started to relax its tight grip on the rupiah.