Asia News
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China, the largest foreign lender to the U.S., reduced its holdings of Treasuries in December to the least since June 2010 amid efforts to assist Europe in addressing its debt crisis.
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Japan’s government may push the DRAM chip industry closer to an oligopoly by not bailing out Elpida Memory Inc., a market researcher said after the company warned its survival was in doubt as a debt repayment deadline nears.
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Singapore’s economy shrank less than initially estimated last quarter as a surge in pharmaceutical production supported manufacturing at the year end.
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Telenor ASA ended a conflict in its foreign holdings by boosting its stake in Russian phone company VimpelCom Ltd., and may have started another by saying it will seek compensation for damages from its partner in India.
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