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Facebook stands firm as S’pore seethes over 1MDB post

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Bloomberg Facebook Inc. stood its ground after Singapore called the social media giant unreliable for declining a request to remove a post, which the government had said was false and defamatory. “We have a responsibility to handle any government request to restrict alleged misinformation carefully and thoughtfully, consistent with our approach to government requests around the world,” Facebook said in ...

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Indonesia’s top cement maker buys LafargeHolcim arm in $1.75bn deal

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Bloomberg PT Semen Indonesia, the country’s top cement maker, is acquiring LafargeHolcim Ltd.’s local business in a deal valuing the unit at about $1.75 billion including debt. LafargeHolcim agreed to sell its entire holding in PT Holcim Indonesia as part of a continuing review of its portfolio, according to a statement. Semen Indonesia will conduct a tender offer for remaining ...

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Hong Kong’s IPO market starts showing cracks

Bloomberg Amid a banner year for Hong Kong listings, cracks are starting to show in the world’s biggest market for initial public offerings. A parenting website part-owned by Alibaba Group Holding Ltd. delayed the launch of its Hong Kong IPO, while one of China’s top travel-booking sites started taking orders for an offering in the city that’s a fraction of ...

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