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Shanghai Fosun Pharmaceutical (Group) Co will signal a definitive settlement on Wednesday to buy a controlling stake in India’s Gland Pharma in a $1.four billion deal, the Financial Occasions newspaper reported, citing a supply with direct information.
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In that case, Asia should proceed with its own ‘Bretton Woods’ convention to arrange a regional financial architecture that will pool its extra foreign change reserves in a regional sovereign wealth fund, create its personal Asian forex unit as a parallel foreign money and use the seigniorage supplied by the regional forex to fund the urgently needed physical and social infrastructure in addition to measures to combat local weather change.