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Bloomberg Antin Infrastructure Partners is exploring a sale of Dutch fiber-optic network owner Eurofiber that could value the company at more than 1.5 billion euros ($1.7 billion), people with knowledge of the matter said. The Europe-focussed private equity firm has had preliminary contact with potential buyers, including infrastructure funds, to gauge their interest, the people said, asking not to be ...

Bloomberg Volkswagen AG will revise fuel economy labels on several gasoline-powered models and pay $96.5 million to drivers after an investigation discovered software that could optimise efficiency during government tests but not during real-world driving. A joint investigation between the US Environmental Protection Agency and the California Air Resources Board discovered the automaker had equipped roughly 1 million vehicles with ...

Bloomberg India’s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. “National Highways Authority of India totally logjammed with unplanned and excessive expansion of roads,” the prime minister’s office wrote to NHAI in a letter. “NHAI mandated ...

Bloomberg South Korea’s exports extended their slump in August as an escalating feud with Japan adds to uncertainties for the economy already elevated amid the US-China trade war. Exports fell 13.6 percent in August from a year earlier, a ninth consecutive month of contraction, data from the trade ministry showed. That compared with economists’ consensus for a 12.5 percent drop. ...

Bloomberg Car sales at Maruti Suzuki India Ltd, the nation’s biggest car maker, dropped 33 percent to 106,413 units, the company said in a press statement on Sunday. Deliveries of its small cars fell about 72 percent to 10,123, while exports declined 10.8 percent to 9,352. Car sales dropped 34 percent in July, the biggest decline in sales in almost ...

Bloomberg The wireless carrier controlled by Indian billionaire Mukesh Ambani will probably keep drawing users away from rivals, reaching a market share of as much as 45 percent by fiscal year 2022, from 30 percent as of March, a unit of Fitch Group said. Reliance Jio Infocomm Ltd, which has been offering data tariffs that are as much as 30 ...

Bloomberg On a steamy summer morning, dozens of buses pull up outside a cluster of low-slung, blue buildings in the south Indian state of Andhra Pradesh. Women dressed in colourful salwar kameezes disembark, their dupatta body scarves billowing as they make their way past hibiscus bushes and posters proclaiming, “Our aim, no accident.” The night shift at Foxconn Technology Group’s ...

Bloomberg For the first time since President Donald Trump was elected, more Americans say the economy is getting worse than getting better. A new Quinnipiac Poll shows 37 percent saying the economy is declining, compared with 31 percent who continue to see improvement. Only 30 percent say the economy is staying about the same, the lowest number on record. Polls ...

Bloomberg India’s government has approved scrapping a cap on foreign investment in commercial coal mining, a person with direct knowledge of the matter said, as part of efforts to boost economic growth. The change would allow overseas miners such as BHP Group Ltd and Glencore Plc to own 100 percent of mining companies. A spokeswoman at Commerce and Industry Ministry ...

Dubai / WAM Singapore has announced its participation in Expo 2020 Dubai. The Singapore Pavilion, titled ‘Nature. Nurture. Future’, will pay tribute to Singapore’s journey towards growth, sustainability, and resilience. The Urban Redevelopment Authority (URA) will lead Singapore’s participation in the Expo which will run from October 20, 2020 to April 10, 2021, coordinating with partners from the public and ...