China CIC to pay dividends, not interest

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China Investment Corp (NASDAQ : CIIC), has agreed with the Finance Ministry to change the way it pays its funding costs, local media reported on Saturday. To fund CIC, the Finance Ministry issued $226.9 billion worth of special treasury bonds at an annual rate of 4.3% in late 2007 to buy foreign exchange from the central bank.

One of Tim's value portfolios boasts a 100% win rate

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