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Mystery deepens over China’s ‘CEO monk’

©Getty The Chinese abbot who turned the temple where kung fu was invented into a sprawling commercial empire failed to turn up at a Buddhist meeting in Thailand this weekend, fuelling speculation that he is…


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Why gold has lost its shine for investors

©Reuters The observation that gold has been a disappointing investment of late should come as no surprise to anyone in the investment world. The fact that this has occurred in the context of developments that…


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Obama authorises air strikes in Syria

©Getty The Obama administration has decided to provide air cover to the Syrian rebels it has trained if they come under attack by the Assad regime, potentially deepening the US role in the four-year old…


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HSBC agrees Brazilian sale as profits rise

©Bloomberg HSBC has agreed to sell its Brazilian business for $5.2bn, as the bank announced higher profits for the first half of the year. Pre-tax profits at the bank, which has threatened to move its…


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China suspends Citadel brokerage account

©Bloomberg An account operated in China by the brokerage arm of US hedge fund Citadel has been suspended, the latest casualty of regulators’ hunt for market manipulators and short sellers. The China Securities Regulatory Commission…


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Noble brings forward quarterly results

©Reuters Noble Group is bringing forward its second-quarter results and said it had “ample funds” in an effort to fight back, following a 28 per cent share price slide last week as attacks on the…



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Plan to evict failed asylum seekers

Landlords will be expected to evict migrants who lose the right to live in England, under measures to be included in the Immigration Bill. Those who fail to evict illegal immigrants or check a migrant’s…


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Commodities fall hits capital expenditure

©Bloomberg A decline in copper, gold and other raw materials has pushed the Bloomberg commodities index to a six year low A fall in commodity prices is shrinking global corporate spending, with capital expenditure predicted…


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Crash grounds Russian helicopters

The helicopter burst into flames after hitting the ground The Russian defence ministry has grounded its fleet of Mi-28 attack helicopters after a fatal accident at an air show on Sunday. One pilot died and…