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China stability falters as factory output slows

  AFP China’s recent economic stabilization faltered in July as factory output, retail sales and investment all slowed. Industrial production rose 6 percent from a year earlier in July, the National Bureau of Statistics said Friday. Retail sales climbed 10.2 percent last month, while fixed-asset investment increased 8.1 percent in the first seven months of the year. All three readings ...

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Indonesia eyes investment through tax-haven areas

  Bloomberg Indonesia is considering options for setting up tax-haven jurisdictions as it tries to lure back billions of dollars through its amnesty program to fund infrastructure projects and finance the widening budget deficit, Coordinating Maritime Minister Luhut Panjaitan said on Sunday. News of the haven plan follows an announcement by the government on Aug. 11 that it would allow ...

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KrisEnergy exploring options as debt covenants come under stress

  Bloomberg The energy collapse continues to rack up victims in Singapore. This time it’s KrisEnergy Ltd., an oil and gas producer that said on Sunday it is exploring equity issuance, refinancing and asset sales to strengthen its capital structure as its debt covenants may come under stress. The announcement came just weeks after oil services firm Swiber Holdings Ltd. ...

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