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CITIC Pacific, the Hong Kong-listed arm of China International Trust and Investment, disclosed Monday it faces losses of $1.89 billion after an executive made risky bets against the U.S. dollar. CITIC will provide the firm with a $1.5 billion standby loan facility to strengthen its liquidity. (FT)
Categories: Asia · Business & Finance Today · China · Financial Services · Markets, Economic News · World Affairs
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