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October 21, 2008 · 8:22AM

Citic Pacific Shares Fall 55% Amid Forex Losses

Citic Pacific lost 55% of its market value Tuesday after disclosing a board-level executive made unauthorized trades that could cost the firm $2 billion. The Chairman’s daughter was removed from her post in the finance department to mitigate damages. (WSJ)

Categories: Asia · Business & Finance Today · China · Financial Services · Markets, Economic News · World Affairs

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