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China stocks in HK drop during growing economic strains

BLOOMBERG Chinese stocks in Hong Kong tumbled as disappointing trade data added to investor concerns about the strength of the economic recovery and as worries about the real estate sector intensified. The Hang Seng China Enterprises Index slid 2.2% to close at its lowest in almost two weeks. A Bloomberg Intelligence gauge of property developers plunged more than 4% intraday, ...

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Bond yields tumble after stocks stage broad retreat

BLOOMBERG Bond yields tumbled around the world and equities slumped as a raft of news on China, Italy and US banks fanned worries about the financial system and global economy. Across markets, there was a broad move into safety. The yield on the 10-year Treasury dropped 10 basis points and the equivalent rates in Germany fell 13 basis points. A ...

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Tesla replaces CFO as Kirkhorn ends 13 years at EV maker

BLOOMBERG Tesla Inc Chief Financial Officer Zachary Kirkhorn stepped down after 13 years at the electric-vehicle maker, a surprise shakeup that raises new questions about succession in the top ranks of Elon Musk’s company. Kirkhorn, one of just four executive officers and a prominent voice for the company with shareholders, resigned from his duties, the company said in a regulatory ...

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