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Posted on June 13, 2020

Suit alleges Bellevue real estate investors led long-running, cult-like Ponzi scheme in China

The defendants have acquired nearly $111 million in Seattle-area property, including nearly an entire city block in downtown Bellevue that later ended up in the hands of Vulcan’s real estate …

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Posted on June 13, 2020

China Market Update: Curb Your Pessimism, Week In Review

Hong Kong gapped lower at the open -2.29% but managed to claw back most of the initial losses to close -0.73%.

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Posted on June 12, 2020

Lebanon finmin: dollar has begun to weaken against pound, will soften further -LBCI

Lebanon Finance Minister Ghazi Wazni said on Friday that the dollar has begun to weaken against the pound currency and will soften further, according to broadcaster LBCI.

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Posted on June 12, 2020

Dubai’s Godolphin double-handed in Australia

After a very productive outing last week as the British horse racing season resumed following a hiatus, Godolphin are double-handed in Australia on Saturday. The Dubai horse racing operation conjured …

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Posted on June 12, 2020

Formula One facing worsening financial crisis with races in Azerbaijan, Singapore and Japan cancelled

The autumn schedule looks increasingly uncertain with three races in the Americas also in serious doubt Formula One faces the prospect of a worsening financial crisis after accepting that grands prix …

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Posted on June 12, 2020

Korea’s CJ CGV To Cut Debt By Selling Stake in Vietnam Property Unit

South Korea’s top exhibitor CJ CGV will sell its 25% stake in CJ Vietnam, CJ’s Vietnamese real estate investment unit, on Jul. 3. The move is will shore up CGV’s balance sheet which has been badly hit …

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Posted on June 12, 2020

Philippine financial markets closed for Independence Day

Philippine financial markets are closed on Friday, June 12, in observance of the country’s 122nd Independence Day.

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Posted on June 12, 2020

China promises Philippines will get vaccine against COVID-19

Presidential spokesman Harry Roque said Friday that Duterte got the assurance from Chinese leader Xi Jinping in a late Thursday telephone call.

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Posted on June 12, 2020

Money launderers are free to leave Bangladesh forever: Mustafa Kamal

Finance Minister AHM Mustafa Kamal has said the government will toughen laws to catch money launderers if the current legislations allow them to slip through loopholes. He also suggested that the …

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Posted on June 12, 2020

India gold demand still muted, Bangladesh to scrap import taxes

Physical gold demand in India was lacklustre this week even as shops reopened, while Bangladesh announced plans to withdraw import taxes to clamp down on bullion smuggling. Indian dealers offered …

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