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Asia’s richest man added $17 billion to his fortune this year

Bloomberg It’s been a good year for Asia’s richest man, Mukesh Ambani. The Indian tycoon added almost $17 billion to his wealth as of December 23, the most in Asia, taking his net worth to about $61 billion, according to the Bloomberg Billionaires Index. In comparison, Alibaba Group founder Jack Ma’s net worth grew $11.3 billion, while Jeff Bezos lost ...

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HK residents eye homes overseas amid protests

Bloomberg Residents of Hong Kong are hunting for homes all over the world as tense anti-government protests look set to drag into the new year. Real estate brokers from Australia to Canada have seen a surge in interest over the past few weeks, with the desire to secure a safer future prompting many to look beyond the Asian financial hub. ...

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Slowdown in India sparks LBOs lending

Bloomberg India’s slowing economy is sparking a wave of consolidation, creating opportunities for Asian lenders. It’s worked like this: Banks desperate for higher yields have turned to lending for leveraged buyouts in India. The loans have supported private equity funds executing the deals. Foreign-currency syndicated LBO loan volumes involving India have jumped to $891 million across four deals in 2019, ...

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