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Money-laundering foreign investors may face jail
Foreign investors who admit to illegal purchases could still face jail terms Treasurer Joe Hockey Foreign investors who come forward about illegally purchasing Australian real estate could still be charged for money laundering and face jail terms of two years. Earlier this year, the federal government took a harder line on those...
Hong Kong, Singapore headed for economic trouble
Are the good times over? Weakening Chinese economy, other problems take their toll Asia’s two bellwether city-state economies, Hong Kong and Singapore, are both headed into recession. Singapore has already announced that second-quarter gross domestic product fell at an annualized rate of 4 percent over the previous quarter....
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