BEIJING: China's second-richest person, who made his fortune building up the nation's largest home appliance chain, has been detained on suspicion of market manipulation, state media reported on Monday. Hong Kong-listed shares in Huang Guangyu's company, Gome Electrical Appliances Holdings, were also suspended on Monday, according to a statement from the firm to the city's stock exchange. The shares were suspended "pending the release of an announcement in relation to price sensitive information", the statement said. This followed a report on the website of Chinese state-run finance magazine Caijing saying Huang had been detained and was under investigation on suspicion of market manipulation. The magazine, which did not reveal its sources, said the detention took place Wednesday last week, and other Chinese media outlets carried the story. With assets of 18.4 billion yuan ($2.7bn), Huang was ranked as number two on a list of China's richest people issued by US magazine Forbes in October. An executive at Gome's investor relations department on Monday said she was not aware of the reported case.
BEIRUT: Thousands of people converged Saturday on central Beirut to mark the fourth anniversary of the assassination of Lebanese former premier Rafiq Hariri.Waving Lebanese flags and carrying pictures of the slain leader, men, women and children gathered under sunny skies in Martyr's Square where members of the parliamentary majority were to address the crowd. The rally comes as final preparations are underway in The Hague for the launch of the international tribunal set up to bring Hariri's killers to justice. It also comes as the country prepares for legislative elections in June that will pit Western-backed political parties against a Hezbollah-led alliance backed by Syria and Iran.Hariri died in a massive car bombing on February 14, 2005 that also killed 22 others. The assassination was widely blamed on then Lebanese power-broker Syria, which has denied any involvement. The attack on the Beirut seafront was one of the worst acts of political violence to rock Lebanon since t...
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