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Britain's Rightmove rejects higher £6.1-bn Murdoch bid
Britain's Rightmove rejects higher £6.1-bn Murdoch bid
by  AFP

British property website Rightmove said Wednesday it had rejected a third "unsolicited" proposal, worth £6.1 billion (US$8.2 billion), from REA Group, the Australian peer majority-owned by Rupert Murdoch's News Corp empire. The first takeover proposal was priced at £5.6 billion.

Cuts, cash, credit: China's latest bid to jumpstart flagging economy
Cuts, cash, credit: China's latest bid to jumpstart flagging economy
by  AFP

China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures, including the cuts, are considered the boldest in years as Beijing aims to revive economic activity.

Leftist Sri Lanka leader stuck with painful IMF deal: analysts
Leftist Sri Lanka leader stuck with painful IMF deal: analysts
by  AFP

Sri Lanka's new leftist leader has little room to renegotiate an IMF bailout that threw a lifeline to his bankrupt country but imposed punishing and unpopular austerity measures, analysts say. - 'Best interest of the country' - Dissanayake's predecessor, Ranil Wickremesinghe, was voted out of office after doubling income taxes and imposing other reviled austerity measures.

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