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BEIRUT (Reuters) - Lebanese President Michel Aoun called on Thursday for the formation of a new government of technocrats following the resignation of prime minister Saad al-Hariri amid nationwide protests against a sectarian elite blamed for mishandling the economy.
SHANGHAI: An investment fund backed by Hillhouse Capital won a bid to acquire a 15% stake in Gree Electric Appliances Inc, China’s largest air-conditioner maker, from its government-owned parent in a deal with an estimated value of US$7.5bil.
SINGAPORE: Malaysian palm oil futures extended gains and saw their biggest weekly jump in nearly three years, on the back of improved export sentiment and as the commodity tracked sharp rallies in offerings elsewhere.
SINGAPORE (Bloomberg): Singapore real estate investment trusts are back for more cash, pushing secondary share sales to record levels.
BEIJING (China Daily): Jack Ma and his family took the crown of richest Chinese individuals with a total fortune of RMB275bil (US$38.56bil), followed by Ma Huateng with RMB260bil, and Xu Jiayin with RMB210bil, according to the 2019 LEXUS·Hurun China Rich List issued by Hurun Research Institute on Thursday (OCt 10).
MUMBAI: Indian stocks surged with the rupee while bonds slumped after the government unexpectedly slashed the corporate tax rate to boost economic growth.
PARIS (Reuters) - Total
TOKYO: Japan will consider coordinated release of oil reserves and other measures if needed to ensure sufficient supplies after attacks on Saudi Arabia’s oil facilities, its minister of economy trade and industry, Isshu Sugawara, said.
ANKARA (Reuters) - The spike in global oil prices on Monday was expected as prices need to reflect risks after an attack on Saudi Arabia's oil infrastructure, Russian energy minister Alexander Novak told reporters late on Monday.
TOKYO (Reuters) - Oil refiners in Japan, the world's fourth-biggest importer of crude oil, are gathering information on supplies from Saudi Arabia following an attack on the kingdom's key crude oil facilities over the weekend, company officials said on Tuesday.