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ChemChina $50bn loans flag new chapter in debt binge

Bloomberg Just as Moody’s Investors Service warns of the strain on China’s finances of debt among state-owned enterprises, the companies are loading up on record overseas loans to buy assets around the world. China National Chemical Corp., or ChemChina, got $50 billion in such financing for its $43 billion purchase of Swiss pesticides producer Syngenta AG, including $35 billion that’s ...

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Australia sees resources price rebound

Bloomberg Commodity demand will rebound and reverse a plunge in prices as Asia’s middle class swells and as India and China seek to raise energy imports, according to Australia’s resources minister. Gluts have been the major factor in the collapse in prices and they will ease with population growth and continued urbanization across the Asian region, Resources and Energy Minister ...

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Rupiah’s winning run in 6 yrs worries minister

Bloomberg Indonesia’s rupiah rose for a 13th day in its longest rally in six years even after a senior minister expressed concern at the pace of gains. The currency advanced 0.6 percent to 13,052 a dollar as of 10:39 a.m. in Jakarta, according to prices from local banks. It touched 12,978 earlier, the strongest since April 30, 2015. The rupiah’s ...

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