Funds News
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Li Ka-shing Companies Bid $9.1 Billion for EDF's U.K. Unit
A group led by Hong Kong billionaire Li Ka-shing ’s Cheung Kong Infrastructure Holdings Ltd. has offered to buy Electricite de France SA’s U.K. power networks unit for 5.8 billion pounds ($9.1 billion).
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Macquarie Says Investment Bank, Securities Earnings Set to Drop on Markets
Macquarie Group Ltd. , Australia’s biggest investment bank, said its three largest units are set to report lower earnings as markets falter and deals dwindle.
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Australia Vows Faster Prosecution of Insider Trading Under Regulator ASIC
The Australian Securities and Investments Commission said its takeover of financial-markets supervision should result in faster prosecutions in cases of manipulation and insider trading.
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Li Lu, Hedge Fund Manager, May Help Berkshire Discover Deals Outside U.S.
Li Lu , the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett ’s investment company to make more deals outside the U.S. if he takes a role at the company.
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