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Singapore urges US to accept China as its competitor

Bloomberg Singapore urged the US to allow China to have a greater say in shaping global rules to avoid a prolonged clash that could force smaller countries to choose between the world’s biggest economies. Speaking to an audience in Washington, Foreign Minister Vivian Balakrishnan said it won’t work to view China as an adversary that must be contained and called ...

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Reliance Capital protests downgrade, to cut debt 50%

Bloomberg Reliance Capital Ltd, Anil Ambani’s financial services company, protested against a three-step downgrade by Care Ratings that put its credit score two notches above junk. Care Ratings cut the firm’s long-term debt programme to BBB from A and kept it on credit watch with developing implications, according to statements from Reliance Capital and the rating company. Reliance Capital said ...

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Japan Display’s backers seek to add new investor

Bloomberg Japan Display Inc, a struggling supplier of screens for Apple Inc’s iPhone, has to find an additional investor to get a $727 million rescue package from a group of Chinese and Taiwanese firms, according to the Asahi newspaper. Negotiations with the consortium, which includes Taiwan’s TPK Holding Co, Harvest Tech Investment Management Co, Cosgrove Global Ltd, and Topnotch Corporate ...

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