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Luye Medical picks banks to manage $500mn IPO

Bloomberg Luye Medical Group, the health-care services provider backed by acquisitive Chinese entrepreneur Liu Dianbo, picked banks to manage a Singapore initial public offering that could raise about $500 million, people with knowledge of the matter said. Bank of America Corp., Credit Suisse Group AG and UBS Group AG were chosen after submitting proposals earlier this month, according to the ...

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China home prices rise in fewer cities

Bloomberg China’s home prices rose in fewer cities in January as the government persisted with an almost two-year campaign to cool the market. New-home prices, excluding government-subsidized housing, climbed in 52 of 70 cities tracked, compared with 57 in December, the National Bureau of Statistics said on Saturday. Prices fell in 13 cities from the previous month and were unchanged ...

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NSE to indexers: Stay out of offshore dispute

Indian traders reacts at the local brokerage firm in mumba

Bloomberg India’s biggest exchange operator, which ended licensing deals with its global counterparts in an effort to rein in offshore derivatives, wants index compilers to stay out of the dispute. Vikram Limaye, chief executive officer of the National Stock Exchange of India Ltd., said in an interview that he is asking MSCI Inc. to tell its clients to not use ...

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