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Foxconn, Sharp to remove hurdles for US$6bn deal

Taipei / Bloomberg Taiwan’s Foxconn Technology Group and Sharp Corp. worked through the weekend to salvage their proposed $6 billion deal with one potential outcome being a revision to terms the Japanese’s board approved just last week, according to people familiar with the matter. Bankers and lawyers are going through a list of Sharp liabilities that could exceed 300 billion ...

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Singapore Exchange may buy Baltic Exchange for US$116mn

Singapore / DPA The Singapore Exchange (SGX) is in talks to buy The Baltic Exchange, a move that could bolster its derivatives business and strengthen Singapore as a maritime hub. The bourse said that it has submitted a non-binding bid, adding that discussions are still preliminary. The Baltic Exchange, headquartered in London, is the world’s source of maritime market information. ...

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China’s rising clout catches eye of lenders

Beijing / Bloomberg Discussions are under way to grant the world’s largest developing economy membership to the Paris Club, a group of creditors that specializes in loans to governments. China, along with Brazil and South Korea, are being considered for entry into the lending club, according to ministers and officials from the Group of 20 economies who were in Shanghai ...

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