Asia News
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Asian stocks fell, Treasury 10-year yields sank to a record, the euro weakened for a sixth day and oil slumped on speculation Europe’s debt crisis is worsening.
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Temasek Holdings Pte, Singapore’s state-owned investment company, bought shares in China Construction Bank Corp. for as much as HK$21.7 billion ($2.8 billion) about eight weeks after paring its holdings.
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Japan’s government bond yields are no longer the lowest in the world as Swiss, U.S. and German debt markets converge more than at any time in at least two years.
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A tiff that started over Volkswagen AG’s description of Suzuki Motor Corp. in its annual report has escalated into a spat threatening to unravel the two automakers’ planned alliance before the partnership ever gets going.