The companies he controls--Hollinger Inc. and closely held Ravelston -- have just an 18% economic interest in Hollinger International through Class B shares that have ten times the voting rights of common stock.

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In Shanghai, for instance, rents this year have increased 18% for grade-A and grade-B buildings in the popular Puxi district as vacancies have fallen to a ten-year low of around 7%, according to Jones Lang LaSalle, a global property consultant.

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In contrast, the yields on the Italian ten-year bond have just risen slightly (line b).

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