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Congo halts Sicomines copper exports, orders local refining

Bloomberg The Democratic Republic of Congo ordered Sinohydro Corp. and China Railway Construction Corp.’s local mining venture to stop exporting unprocessed copper and cobalt and refine all its metals within the country. Sicomines must ship “only high-value products” as the government looks to “ensure the prompt repayment” of the country’s continuing $6 billion minerals-for-infrastructure deal with China, Mines Minister Martin ...

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Temasek’s Vertex raises $210mn for Southeast Asian deals

Bloomberg Vertex Ventures, the venture capital arm of Temasek Holdings Pte, has completed its biggest fundraising for Southeast Asian and Indian technology deals. The Singapore-based firm closed its third Southeast Asian fund at $210 million, a record in the region that exceeded its target of $150 million. The money will be used for early stage investments, aiming to repeat its ...

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Mystery over weak Indonesia spending stumps policy makers

Bloomberg Almost 4 million new jobs, rising wages and eight interest-rate cuts in Indonesia should have been enough to spur consumers into action in the world’s fourth most populous nation. Instead, an increasing number of people are keeping a tight grip on their purse strings and putting their money in the bank, leaving policy makers and economists perplexed. “All the ...

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