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The Chinese government will audit the overseas assets of state-owned enterprises, the regulator announced, as it tries to improve transparency and combat corruption.

Macerich Co, the third-largest U.S. shopping mall owner, rejected a $14.39 billion unsolicited offer from larger rival Simon Property Group Inc, saying the proposal "substantially undervalues" the company.

Accused Boston Marathon bomber Dzhokhar Tsarnaev told a high school friend his older brother was "very strict" and might not like him because he was not Muslim, the friend testified on Tuesday.