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China market tsar in spotlight amid stock market turmoil

January 9, 2016 by · Leave a Comment 

By Matthew Miller and Shu Zhang BEIJING (Reuters) – Xiao Gang, China's stock market tsar, once remarked that the only thing he'd done right in life was marry his wife. No doubt the self-effacing Xiao, chairman of China Securities Regulatory Commission (CSRC), has

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China market tsar in spotlight amid stock market turmoil

car-industry

Japan’s Asahi to submit bid next week for SABMiller’s Grolsch and Peroni: Yomiuri

January 9, 2016 by · Leave a Comment 

Japanese beverage maker Asahi Group Holdings Ltd will submit a bid as early as next week to buy SABMiller PLC's Grolsch and Peroni beer brands for as much as 400 billion yen ($3.41 billion), the daily Yomiuri reported. If accepted, it would

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Japan’s Asahi to submit bid next week for SABMiller’s Grolsch and Peroni: Yomiuri

car-industry

China forex regulator says will ramp up risk control efforts

January 9, 2016 by · Leave a Comment 

China's foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country's foreign exchange market in 2016. The State Administration of Foreign Exchange (SAFE) made the comments in a statement on its website after concluding an internal meeting. It will also continue to promote the orderly opening of China's capital account and improve its management of foreign exchange reserves, it said.

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China forex regulator says will ramp up risk control efforts

car-industry

Pfizer hikes U.S. prices for over 100 drugs on January 1

January 9, 2016 by · Leave a Comment 

Pfizer Inc , which plans a $160-billion merger with Ireland-based Allergan Plc to slash its U.S. tax bill, on Jan. 1 raised U.S. prices for more than 100 of its drugs, some by as much as 20 percent,

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Pfizer hikes U.S. prices for over 100 drugs on January 1

car-industry

Facing U.S. storm, VW set for easier ride in Europe on emissions scandal

January 9, 2016 by · Leave a Comment 

By Barbara Lewis and Kirstin Ridley BRUSSELS/LONDON (Reuters) – Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU sources and legal experts say. The carmaker has been embroiled in crisis since last September, when it admitted it …

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Facing U.S. storm, VW set for easier ride in Europe on emissions scandal