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The second-stage "open skies" agreement aims at further regulatory cooperation and additional market opportunities.

BHP and Rio move have moved closer to a joint venture deal as the western Australian government made a U-turn on the plan.

Qatar Investment Authority will buy US$2.8 billion worth of shares in AgBank's planned IPO.

The new joint venture will underwrite and sponsor deals in China’s securities market; First Capital Securities will hold 67% of the JV and JP Morgan will hold the remaining 33%.

Housing finance in emerging markets is prospering despite the economic slowdown and the mortgage crisis in many advanced economies.

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