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Asian shares stumble as U S yields, dollar hold firm - Netscape Money & Business

Asian shares stumble as U S yields, dollar hold firm - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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China Evergrande to sell $1 5 billion stake in Shengjing Bank to state firm

China Evergrande to sell $1 5 billion stake in Shengjing Bank to state firm
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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China s Evergrande sells $1 5 billion bank stake amid crisis

Evergrande said in an exchange filing that it would sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company.

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Asian shares stumble as U S yields, dollar hold firm

Asian shares lost ground on Wednesday, tracking declines on Wall Street as investors fretted over economic uncertainties that caused a spike in U.S. benchmark bond yields and pushed the dollar to a more than 10-month high.

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China Evergrande to transfer $1 5 billion stake in Shengjing Bank to state firm

Debt-laden China Evergrande Group said on Wednesday it planned to transfer 1.75 billion shares of Shengjing Bank Co Ltd for 9.99 billion yuan ($1.5 billion). The shares, representing 19.93% of the issued share capital of the bank, will be transferred for 5.70 yuan apiece to Shenyang Shengjing Finance Investment Group Co Ltd, a state-owned enterprise involving in capital and

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