Freddie Mac’s new chief financial officer, lured from the banking industry this month, is receiving a pay package worth up to $5.5 million. The government-controlled mortgage finance company tapped Ross Kari for the position on Sept. 22. He had previously been serving as

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Japan’s exports in August were down 36% in August from the same month last year due to a lack of demand from the rest of the world economy. Exports fell for the 11th straight month to 4.5tn yen ($49bn; £29.9bn), the finance ministry said. But it was the seventh consecutive month that Japan’s exports

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Shares in Nomura Holdings have fallen 16% in Tokyo following the announcement of a share issue to raise up to 510bn yen ($5.6bn; £3.5bn). The issue by Japan’s biggest brokerage is designed to help meet the expected tougher new capital requirements. Nomura also said it would use the money to strengthen its businesses

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South African and Indian officials are holding talks in Mumbai to discuss the planned merger between mobile phone firms MTN and India’s Bharti Airtel. A merger would create the world’s third-largest mobile phone group. Under the proposal MTN would take a 36% stake in Bharti, while Bharti would get a 49% stake in the South [...]

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