Steven Leung News
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AU Optronics Corp. executive Steven Leung was sentenced to two years in prison and fined $50,000 for participating in a conspiracy to fix prices of liquid-crystal display panels used in computers.
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AU Optronics Corp. executive Steven Leung was a key part of a liquid-crystal display screen price- fixing conspiracy that has yielded a $500 million penalty against the company, prosecutors said as Leung’s retrial began.
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AU Optronics Corp. executive Steven Leung was found guilty by a U.S. jury in a liquid-crystal display criminal price-fixing case.
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Hong Kong stocks rose for a second day, with the city’s benchmark index posting its biggest gain in two months, as U.S. economic data bolstered confidence in the global recovery and companies including Sino Land Co. and New World Development Co. beat profit estimates.
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U.S. Securities and Exchange Commission Chairman Mary Schapiro, who took the agency’s helm in 2009 as it reeled from public rebukes for failing to rein in Wall Street abuses, is leaving the agency next month.
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Hong Kong stocks fell, with the city’s benchmark index dropping the most since November, amid renewed concern about Europe’s debt crisis and as China Petroleum & Chemical Corp. tumbled on a share-sale plan. Declines accelerated in late trading as local developers sank.
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Chinese stocks traded in the U.S. posted their first back-to-back weekly declines since November on speculation policy makers are shifting their focus from supporting the economy to curbing asset prices.
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Chinese stocks traded in the U.S. posted their first back-to-back weekly declines since November on speculation policy makers are shifting their focus from supporting the economy to curbing asset prices.
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People’s Insurance Company (Group) of China, the nation’s largest property insurer, is seeking as much as HK$27.8 billion ($3.6 billion) in what may become Hong Kong’s biggest initial public offering in more than two years.
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Hong Kong stocks fell, with the city’s benchmark equity index falling for the first week in three, after data showed China’s inflation accelerated more than expected, limiting prospects for further policy easing.
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