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CP Axtra—the retail arm of billionaire Dhanin Chearavanont and his family’s Charoen Pokphand Group—will merge with Ek-Chai Distribution as the Thai conglomerate streamlines its operations.
HSBC is set to nearly double its annual profits on the back of higher interest rates as it shrugs off concerns over China's stagnating economy.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Because of the changes, funds that track the index will have to sell holdings, which is likely to further weigh on the market
66 companies were dropped from its MSCI China Index in its latest review, the highest tally in at least two years. Read more at straitstimes.com.