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Illustrations Of South China Morning Post As Alibaba's Jack Ma Said To Be In Discussions To Buy Stake

Free Access to Online and Mobile Edition of SCMP: Alibaba’s Signature Footstep of Acquisition

Alibaba Group has completed acquisition of South China Morning Post. To put a footstep with revealing the acquisition, readers have got free access to the once subscribed online newspaper. The move allows the 113-year-old newspaper to approach towards becoming a global leader in news arena.

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Illustration Of Japanese Yen Notes

Yen Hits 17-Months’ High Against US Dollar, Forecast For Further Appreciation

The Japanese yen has reached the top hitting a 17-month high on Tuesday. The appreciation takes place following advice from Japanese Prime Minister for cautious market intervention by authorities. Addition of value to yen cause downward trend in Nikkei average index on the same day leading towards a 18% drop during this year.

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Reserve Bank Of India Governor Unveils Interest-Rate Decision

Home loans turn cheaper as India's RBI cuts rate to 5-year low

The Reserve Bank of India (RBI), India's central bank, has reduced repo rate by 25 basis points to 6.50 percent, indicating an over five-year low. After the rate cut, home loans will be cheaper by half a percentage.

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Maggi Noodles Back On Shelves In India

Nestlé India's Maggi Noodles Exceed Monosodium Glutamate Level, Lab Test Shows

Nestlé India is again facing controversies with its all-time favorite Maggi noodles. Recent lab tests show that the lead content is within permissible limits unlike monosodium glutamate which exceeds the allowable level.

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Russian Businesses And Retail Stores In Cyprus

Cyprus-based RCB rules out unsecured loans

Cyprus-based lender RCB has denied reports of extending unsecured loans. Latest British media reports turned spotlight on alleged role of RCB in providing unsecured loans to people close to Vladimir Putin, President of Russia. Cyprus Central Bank said it was probing into the issue.

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'The Revenant' Tokyo Premiere

DiCaprio Not Banned From Indonesia, to Establish Mega-Fauna Sanctuary

Leonardo DiCaprio can still visit Indonesia and will not be barred as an Indonesian minister appreciates his effort about the plight of the animals and how to help them and looks forward on working with him.

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Bags of sugar are stacked in a market warehouse in Bangkok

Thai Mitr Phol To Invest ฿50.4 Billion For Business Expansion Eyeing The Global Leading Position

Mitr Phol Group of Thailand has been recognized as the largest sugar and bio-power producer in Thailand and the fifth-largest sugar producer across the globe. The group intends to get recognized as the world’s leading sugar and bio-power producer. Upholding the view, MPG has announced its ฿50.4 billion investment plan inn some select areas.

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Xiaomi Corp. Vice President Of Global Operations Hugo Barra Launches The Mi 5 Smartphone In India

Xiaomi Partners with India's Hungama, Invests $25 Million

Xiaomi’s partnership with India’s Hungama will make it easier, more accessible and more affordable for locals to access the company’s service that will soon be integrated together with themes and ringtones.

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The 12th China Development Forum

Aramco’s Investment Plan In India Aims To Diversify Saudi Economy Reducing Dependence on Oil Prices

Minister Al Falih, head of Aramco, has expressed intention for investment in India’s oil industry. The intention has been revealed following its earlier decision for selling less than 5% stake of Aramco through IPO. All the moves have been analyzed as parts of Saudi bid to diversify its economy while reducing dependence on oil prices.

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General Images Showing Advertising For Renminbi Bonds In Hong Kong

Guosen Securities denies bond default

China's eighth largest investment bank, Guosen Securities, has clarified on behalf of its unit that there's no default on its offshore debt. The trustee of the offshore bond Bank of New York Mellon (BNY) had earlier warned bondholders of a possible default.

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Solar Modules

SunEdison to File Chapter 11, Probed By SEC

SunEdison is about to file bankruptcy protection to safeguard itself from creditors while trying to recover from its losses while it continues to operate. At the same time it is being investigated by the Securities and Exchange Commission over possible overstating.

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Inception - World film Premiere Outside Arrivals

Leonardo DiCaprio May Not Return to Indonesia Over Negative Palm Oil Plantation Remarks

Leonardo DiCaprio visited Gunung Leuser National Park in Aceh using a tourist visa on Sunday. He posted remarks in his Instagram account about the deforestation of large hectares of land intended for palm oil plantation and the dangers it impose on the nation's flora and fauna.

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Huge construction site in Wuqing. Wuqing, is a suburb..

Realty growth propels China economic upswing in March

The world's second largest economy showed positive signs as resurgent sales in the real estate sector boosted growth during March. However, China recorded drop in exports and freight segments.

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CHINA-ECONOMY

China's eight largest bank defaults on ‘dim sum’ bond

A unit of China's Guosen Securities in Hong Kong have defaulted on a dim sum bond. However, analysts doubted the default as the brokerage is in a strong cash balance.

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General Views Of Banks Ahead Of Second Quarter Earnings

ICICI Bank's home finance sale on backburner

ICICI Bank, India's largest private sector lender, has deferred its sale plan on home finance division. ICICI Bank has put its home finance division's valuation at INR 2,400 crore, while potential private equity (PE) buyers have asked for a 20 percent discount on valuation.

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