Just 500 people own 36% of the equity in Thai firms

Some 36% of Thailand’s corporate equity is concentrated in the hands of just 500 people, highlighting wealth inequality in the country, according to a study released by the Bank of Thailand’s research institute.

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Shanghai Housing Sales Plunge 86% In Golden Week

Shanghai Housing Sales Plunge 86% In Golden Week

Authored by Mike Shedlock via MishTalk,

Golden Week, a seven-day Chinese holiday, is traditionally a peak period for home sales.

This year, sales plummeted.

The South China Post report…

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App helps detect scourge of forced labour via audits

A mobile application called Apprise Audit has been found to improve worker audits and detect forced labour practices that commonly victimise migrant workers, according to a report by The Mekong Club and the UN University Institute on Computing and Soci…

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Rio Tinto’s iron ore shipments on the rise

Mining heavyweight Rio Tinto’s shipments of the steelmaking raw material iron ore – Australia’s most valuable export commodity – have increased by 5 per cent in the three months.

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Who’s who in the Syria-Turkey conflict?

It has been called an “unbelievable mess” and worse. Sworn enemies are now friends. Old scores are being settled. Acronyms are everywhere. What forces are at play in north-east Syria and what do they want?

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Yinson secures contracts worth US$5.4 billion in Brazil

KUALA LUMPUR (Oct 16): Yinson Holdings Bhd has secured contracts worth US$5.4 billion from Petróleo Brasileiro S.A. (Petrobras).
In a filing to Bursa Malaysia today, Yinson said it was awarded two Letters of Intent (LOIs) by Petrobras for the charter, …

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The IMF’s Latest Report Could Spell Disaster For Oil Markets

The International Monetary Fund slashed its global growth forecast once again, predicting economic growth will fall to its weakest rate since the financial crisis a decade ago. The IMF said that the world economy is in a “synchronized slowdown,” and wi…

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