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SHANGHAI: The Chinese yuan weakened in opening deals on Monday after the central bank doubled the currency's permitted trading band, a move analysts said was a clear signal authorities are ready to allow market forces to play a greater role in the economy.
LOS ANGELES: Hard rock band Korn said it has formed a partnership with Live Nation Inc. that gives the concert promoter a stake in all aspects of the band's business, including album sales, publishing, merchandising, ticket sales and sponsorships.
HONG KONG: Hong Kong’s dollar fell to the weak end of its permitted band for the first time since the range was imposed in 2005, a warning sign for a city where easy money has stoked a property boom and underpinned the stock market’s record rally.
PETALING JAYA: Singapore's monetary authority yesterday tweaked its policy on the local dollar's trading band in response to rising volatility in the global currency market, as policymakers across Asia struggled to deal with the flood of investment funds that had inflated asset prices across the region.
HONG KONG: The Hong Kong dollar fell to a new 33-year low early on Thursday morning, hitting the lower end of the monetary authority's targeted trading band, as the interest rate gap between U.S. dollar and Hong Kong dollar widened further.
HONG KONG: The Hong Kong dollar fell to a new 33-year low on Wednesday, inching closer to the lower end of the monetary authority’s targeted trading band, as the interest rate gap between US dollar and Hong Kong dollar widened further.
NEW YORK: Members of the original funk band War say they can't be friends with PepsiCo. They're suing the soft drink maker for more than US$10 million, saying it did not negotiate with them to use their song Why Can't We Be Friends? in a new commercial.