SINGAPORE, Jan 30 (Reuters) – Shares of United FiberSystem Ltd surged as much as 15 percent on Monday,extending gains on expectations the forestry firm will benefitfrom its new coal mining business after it struck a S$1.5billion ($1.20 billion) reverse takeover deal. By 0223 GMT, United Fiber shares were 12.8 percent higher atS$0.044 with 63.5 million shares traded. It was the mostactively …
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South Korea is prepared to take “prompt” action to stabilize markets should it be needed as Europe’s sovereign debt crisis deepens, the country’s vice...
