New Hope News
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Former FIFA Vice President Jack Warner rejected corruption charges stemming from his term as president of CONCACAF, the soccer federation overseeing the Caribbean and North and Central America, and said he’ll probably seek a return to Trinidad & Tobago’s parliament.
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An eight-year surge in soybean imports by China, the biggest buyer, may come to an end this year as feed consumption drops following a bird-flu outbreak and the discovery of thousands of dead pigs floating in a river.
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Wu Liangui left Shanghai’s Xiao Shaoxing restaurant with a delicacy his daughter wants him to avoid. Inside a plastic box were slices of white-cut chicken, traditionally served rare so that blood seeps from the bones.
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China, the world’s largest soybean buyer, will probably import less this year as an outbreak of bird flu curbs demand for poultry, a Wilmar International Ltd. executive said. The price of the oilseed fell in Chicago.
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China’s stocks dropped to a 14-week low as concerns over a new strain of avian flu overshadowed data showing growth in the nation’s services industries.
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After every coal-mining deal this year left the buyers with losses, Australia’s New Hope Corp. is still managing to attract multiple takeover offers that would lead to a record payoff.
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The takeover of gas producer Arrow Energy Ltd. by Royal Dutch Shell Plc and PetroChina Co. will generate a A$326 million ($308 million) profit for shareholder New Hope Corp., giving the coal miner more cash for acquisitions.
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Chinese billionaires Zong Qinghou, Pony Ma and Liu Yonghao said they’re looking for acquisition and investment opportunities overseas as more of the nation’s companies seek assets to bolster earnings.
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New Hope Corp. rose to a record in Sydney trading after the Australian coal producer valued at A$5.1 billion ($4.9 billion) received takeover offers from unidentified companies.
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Tata, India’s largest business group, may bid for New Hope Corp., the Australian company valued at A$4.9 billion ($5.1 billion), to secure thermal-coal mines, three people familiar with the plan said.
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