Market news: Asia media round-up
China’s bank lending slowed sharply in April while consumer prices fell 1.5% year-on-year, data showed. Separately, PCCW chairman Richard Li is rebuked by a judge for a “clearly manipulated” shareholder vote on his buy-out bid, Tata Motors is reportedly looking to raise US$2 billion to repay part of the financing for its Jaguar and Landrover acquisitions last year, and South Korea’s financial regulator asks banks and brokerages to carry out stress tests on derivative products they sell.
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