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Sentencing delayed for Madoff five

American courtroom

The sentencing of five former aides to Bernard Madoff was delayed until mid-September after a federal judge in New York said 'voluminous' paperwork required a postponement of hearings originally scheduled for for later this week.

Karl Albrecht

Carnation

Karl Albrecht, who has died aged 94, was the co-founder with his younger brother Theo of Aldi, one of the world's most successful retail discount chains.

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SGX in talks to buy London's Baltic Exchange

The Singapore Exchange is in preliminary talks to buy London's iconic Baltic Exchange as the city-state seeks to expand and bolster its traditional influence in the shipping and commodities business amid increasing competition from Shanghai.