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TOKYO: The world’s biggest pension fund posted its fifth straight quarterly gain, the longest run in more than two years, as global stocks advanced to new highs and weakness in the yen helped boost the value of overseas investments.
CHINA’S top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country’s longest-serving central bank head who is likely to step down next year, according to multiple sources familiar with the matter.
SHANGHAI: China has a new richest man, according to the annual Hurun rich list of the country's top movers and shakers.
NEW YORK: Wall Street’s main indexes were little changed at open on Wednesday, as a jump in shares of consumer staples were offset by a drop in financials on the eve of their financial reports.
MUMBAI: Reliance Communications Ltd.’s plan to merge with Aircel Ltd. collapsed in a blow to the Indian mobile phone carriers’ plans to pare debt and gain scale to take on bigger rivals.
BENGALURU: North American lenders to Noble Group have again extended the deadline for a US$2 billion credit facility, this time by three months to Jan 15, the commodity trader said on Thursday.
HONG KONG: Sunac China Holdings Ltd plans to slow the rate of land purchases to boost profit and cut debt, a top executive said on Friday, a day after the country's sixth-largest property developer by sales reported a tripling in half-year earnings.