Paul Lin News
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K-REIT Asia, the Singapore office landlord partly owned by Keppel Corp., climbed to the highest in more than nine months after saying it bought an additional stake in Ocean Properties LLP.
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Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of the close.
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When Warren Buffett visits Chinese carmaker BYD Co. next week, he’ll find a company facing sliding sales and legal disputes with the government and Foxconn International Holdings Ltd.
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BYD Co. , the Chinese carmaker backed by Warren Buffett , plans to deliver at least 560 E6 electric vehicles to a taxi-fleet operator in Shenzhen this year.
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BYD Co. , China’s fastest-growing major automaker, will be a test case for whether the government values corn and wheat over cars.
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General Motors Co. , Geely Automobile Holdings Ltd. and BYD Co. said growing demand for cars in China will outweigh the impact from the end of tax incentives that boosted sales.
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Fruit wholesaler Hao Hongfu will wait until next year to buy a car from a General Motors Co. venture in China, even though he could get a 1,545-yuan ($232) tax break for buying another vehicle now.
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Asia’s fastest-growing bond market lacks restrictions that stop companies from borrowing to the brink of default.
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China Investment Corp. helped refinance a Manhattan office tower co-owned by Carlyle Group last year, another sign that the $300 billion sovereign wealth fund is stepping up its U.S. real estate investments.
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Japanese exporters said the U.S.’s loss of its AAA credit rating will hinder efforts to weaken a near-record high yen that is crimping their overseas earnings.
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