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Shares in Chinese developer Kaisa plunge as trading resumes
Shares in Chinese developer Kaisa plunge as trading resumes
Business and Economy
by  AFP

Debt-laden Chinese property developer Kaisa's share price hit a record low on Friday as trading resumed following an 11-month trading halt, with the company saying it is in negotiations with creditors. Shares fell as much as 41 percent to a record low of HK$0.5 (about six US cents) on Friday morning, after the trading halt was lifted as a result of the data release.

Bank of Japan leaves policy unchanged as Kuroda bows out
Bank of Japan leaves policy unchanged as Kuroda bows out
Business and Economy
by  AFP

Japan's central bank left its ultra-easy monetary policy unchanged in its last meeting before Governor Haruhiko Kuroda steps down and is replaced by economics professor Kazuo Ueda. Kuroda, 78, will step down at the end of his second term on April 8, after a tenure -- the longest-ever for a Bank of Japan chief -- defined by his signature "bazooka" easy-money policies.