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Predictions of a 30 per cent drop in Hong Kong home prices by the end of 2023, notably by Goldman Sachs, are too pessimistic, based on JP Morgan. The beleaguered firm proposes up to US$4 billion in debt-to-equity swaps, plus issuance of greenback-denominated bonds, in a filing to the Hong Kong inventory trade on Friday.
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Katherine Rich on fighting supermarket energy and passing the torch. Air NZ was responsible for carrying a sizeable fraction of NZ’s Top 200 businesses.