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BEIJING — Two Chinese state-owned telecommunications companies say they will drop their rates in an effort to end an investigation into alleged price fixing. China Telecom Ltd. and China Unicom Ltd. made the announcements on their websites late Friday after trading closed on the Hong Kong stock exchange. Both companies are listed there and on...
Investors withdrew $1.7 billion from global stock funds in the week to Nov. 30, the fourth consecutive week of outflows, Citigroup Inc. said, citing data from fund researcher EPFR Global. Emerging-market equity funds had withdrawals of $500 million, Citigroup analysts led by Markus Rosgen wrote in a report dated today. China was the “hardest...