Investorsbuzz

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Investorsbuzz


Bankers poised to help China’s richest invest $7.6 trln: group

BEIJING (Reuters) – The number of U.S.-dollar millionaires in China is expected to nearly double in five years, luring private bankers eager to help them invest an expected combined wealth over $7.6 trillion by 2013, Boston Consulting Group (BCG) said on Thursday.

http://www.reuters.com/

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Sony aims for 5 percent profit margin in 3 years

TOKYO (Reuters) – Sony Corp aims to earn a 5 percent operating profit margin in three years by turning its struggling LCD TV and game operations profitable next year and launching 3D TVs and lithium-ion batteries for electric vehicles.

http://www.reuters.com/

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Asian Stocks ease, dollar up as risk shunned

HONG KONG (Reuters) – Asian stocks eased on doubts about the pace of economic recovery, while the Indonesian rupiah and the Indian rupee fell on concerns over official steps to curb capital flows after Brazil’s latest move to limit the rise of its currency.

http://www.reuters.com/

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Gold demand falls 34 percent in Q3: World Gold Council

LONDON (Reuters) – Gold demand fell 34 percent in the third quarter as high prices weighed on investment flows and led to a slump in jewelry buying in key markets like India and the Middle East, a World Gold Council report showed on Thursday.

http://www.reuters.com/

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Blackstone’s Pinnacle to buy Birds Eye: report

(Reuters) – Blackstone Group’s Pinnacle Brands Corp is likely to buy U.S. frozen vegetable company Birds Eye Foods for more than $1.3 billion, the Wall Street Journal said, citing people familiar with the matter.

http://www.reuters.com/

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Ferrero, Hershey mull Cadbury bid, Kraft seen No.1

LONDON/CHICAGO (Reuters) – Italy’s Ferrero and U.S.-based Hershey Co are considering a bid for chocolatier Cadbury Plc , but Kraft Foods Inc is still seen as the front-runner with its $16.8 billion hostile offer.

http://www.reuters.com/

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Hedge fund "king" Griffin rebounding from losses: report

NEW YORK (Reuters) – Hedge fund manager Kenneth Griffin’s Citadel Investment Group lost $8 billion in clients’ money last year, but is turning things around as markets recover and has made $5 billion in profits so far this year, the Wall Street Journal said on Wednesday.

http://www.reuters.com/

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