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Vingroup aims $2bn in share sale

Bloomberg Vingroup JSC, Vietnam’s biggest developer, is targeting an initial equity offering of as much as $2 billion for its luxury residential arm, people with knowledge of the matter said. The Hanoi-based group’s Vinhomes JSC unit is considering seeking a valuation of $13 billion to $16 billion in the share sale, according to one of the people, who asked not ...

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Shakeout in Japan job market sets big caps up to beat small guys

Bloomberg A stellar rally for smaller-sized Japanese companies over the last two years is about to face its biggest test yet should evidence emerge this earnings season that the country’s tight labor market is starting to erode profitability. A combination of attractive relative valuations for larger stocks and the greater hit to small and medium enterprises from labor shortages should ...

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Huawei can’t block Samsung China manufacturing: Court

Bloomberg Samsung Electronics Co. can continue manufacturing and selling smartphones in China while it battles Huawei Technologies Co. over patent royalties, a US judge ruled. The order by a federal judge in San Francisco blocks Huawei from enforcing a decision by a Chinese court, which ruled Samsung is infringing two Huawei patents. In January, the Intermediate People’s Court of Shenzhen ...

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