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Chinese billionaire plans IPO of $12bn property arm

Bloomberg Chinese billionaire He Xiangjian, who founded the world’s largest appliance maker Midea Group Co., is planning an initial public offering of his real estate business, according to people with knowledge of the matter. Guangdong Midea Property Co. has been speaking with investment banks about a potential Hong Kong share sale that could take place in 2018, the people said. ...

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Ex-billionaire Vijay Mallya lives on $6,700 a week after court order

Bloomberg Vijay Mallya is becoming something of a fixture in London courts. As the tycoon fights his extradition back to India on fraud charges, another set of lawyers is trying to overturn a $1.5 billion worldwide freezing order against him across town. In the meantime, Mallya has to get by on 5,000 pounds a week, according to court documents. A ...

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Israeli planes hit Gaza as Jerusalem crisis deepens

Bloomberg Israeli fighter jets struck Hamas targets in the Gaza Strip, killing at least two people, in response to rockets fired by Palestinian protesters into Israel. The clashes came as Muslims took to the streets from the West Bank to Jakarta to protest US President Donald Trump’s move to recognise contested Jerusalem as Israel’s capital. Violence associated with the “Day ...

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