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Hong Kong cuts budget handouts with slowing economy in view

Bloomberg Hong Kong’s economic growth is forecast to slow this year as the city grapples with weaker property values and the fallout from US-China trade tensions, leading to a more modest range of budget handouts than last year. The economy will grow by 2 percent to 3 percent, Hong Kong Financial Secretary Paul Chan said, after the 3 percent pace ...

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Axiata to revive IPO of $2.5b Edotco

Bloomberg Axiata Group Bhd., Malaysia’s biggest wireless carrier, is reviving preparations for an initial public offering (IPO) of its tower business Edotco, according to reports Axiata’s advisers recently resumed work on the deal, which was shelved last year, said the people, who asked not to be identified because the information is private. Axiata aims to list the unit in Kuala ...

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Coal’s perfect storm rattles home to $50bn of projects

Bloomberg It’s been a tough few weeks for Australia’s coal industry. First there was a court ruling blocking a new mine on climate change grounds, then one of the world’s largest producers Glencore capped output growth, and finally China was seen to be slowing down Australian imports. The developments are symptoms of fuel’s decline and likely signal headwinds for the ...

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