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  Bloomberg For Tata Group’s new chairman, restoring order at India’s largest conglomerate will be atop his agenda after the ouster of his predecessor Cyrus Mistry triggered one of the country’s biggest corporate power struggles in years. The conglomerate picked Tata Consultancy Services Ltd. Chief Executive Officer Natarajan Chandrasekaran on Thursday as the next chairman of group holding company Tata ...

  Bloomberg Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 percent, according to forecasts released this week. Among the least developed countries, the combined size of the three ...

  Bloomberg Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489 million metric tons this year, 18 percent above the government-mandated target, according to energy ministry forecasts. That’s up from last year’s output estimated at 434 million tons and would ...

  Bloomberg Japan is stepping up its drive to pressure companies into abandoning a culture of long working hours. Prosecutors this week began reviewing whether Mitsubishi Electric Corp. forces its employees to work excessive hours — a move that follows an investigation of Dentsu Inc., Japan’s biggest advertisement agency, where a female worker who put in more than 100 hours ...

  Bloomberg Fiat Chrysler Automobiles NV is under investigation by the US Justice Department over its alleged failure to disclose software that violated emissions standards, according to people familiar with the matter, another legal hurdle for a company already under criminal scrutiny for its sales practices. The possibility of a criminal action over diesel emissions violations comes after the Environmental ...

  Bloomberg Home buyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that’s historically been seen as a refuge from Manhattan’s high costs. Purchases in Brooklyn rose 22 percent from a year earlier to 2,582, while the median price of those deals climbed 15 percent to a ...

  Abu Dhabi / WAM The Global Energy Forum, which is being held for the first time in the region, launched in Abu Dhabi on Thursday in the presence of Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, and Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and CEO of the ADNOC Group. Held under the patronage ...

  Abu Dhabi / WAM The 2017 edition of Abu Dhabi Sustainability Week (ADSW) slated to begin next Monday is expected to attract 38,000 attendees from 175 countries. Hosted by Masdar, this year’s theme is, ‘Practical Steps Towards a Sustainable Future’. The week’s anchor event, the World Future Energy Summit, WFES, will be celebrating its 10-year anniversary with a strong focus ...

  Abu Dhabi / Emirates Business A high-level delegation from the UAE is participating in the 8th eighth Vibrant Gujarat Global Summit which kicked off on January 10 – under the theme of ‘Sustainable Economic & Social Development’ and will conclude today in Gandhinagar, the capital of Gujarat state in Western India. The group is headed by HE Dr Rashid ...

  WASHINGTON / AP Pointing towards possible confrontation, Donald Trump’s selection for secretary of state likened Beijing’s island-building in the South China Sea to a takeover of another country’s territory and spoke of forcing Beijing to fully apply sanctions on North Korea. China will likely be alarmed by former Exxon Mobil CEO Rex Tillerson’s Senate confirmation hearing remarks on Wednesday. ...