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Bloomberg India’s Vedanta Ltd. will spend $3 billion over the next three years as it seeks to expand oil reserves and nearly double output from its largest field. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells at its Barmer block in the western Indian state of Rajasthan and other blocks in the eastern part ...

Bloomberg Japan’s core consumer prices crept higher for a fifth straight month, but their slow rise means inflation remains far from the Bank of Japan’s 2 percent target. Highlights of Data Consumer prices excluding fresh food advanced 0.4 percent in May from a year earlier, the fastest gain since December 2014, when the impact of a 2014 sales-tax hike is ...

Bloomberg Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood. The stark shift means that Prime Minister Najib Razak, who has weathered political attacks and protests going back to 2015 over allegations involving state-owned 1Malaysia Development Bhd., ...

Bloomberg Singapore cut the minimum period allowed for home rentals by half to three months, citing growing demand from tenants seeking shorter-term leases. All home occupants must fulfill a minimum stay duration of three consecutive months, while shorter stays including those facilitated through home-sharing platforms are still not allowed, the Urban Redevelopment Authority said in a statement on its website. ...

Bloomberg The Canadian government is proposing consolidating environmental reviews under a single agency while adding a new approval step for proponents of pipelines and other major projects — in what it says is a bid to both strengthen and clarify environmental rules. The proposal would add a requirement for an “early engagement” phase for projects that the government says would ...

Bloomberg Delivery Hero AG rose as much as 8.6 percent in its first day of trading, giving the Berlin-based takeout company a market capitalization of 4.7 billion euros ($5.3 billion) in a successful debut on the Frankfurt stock exchange. The food delivery broker, which connects customers and restaurants via its apps, rose as high as 27.70 euros after setting a ...

Bloomberg Canada Pension Plan Investment Board agreed to buy Parkway Inc., a real estate investment trust with properties in the Houston area, for $1.2 billion. The $23.05-a-share cash offer, which consists of $19.05 a share plus a $4 special dividend to be paid prior to the the deal’s completion, is about 13 percent more than Parkway’s closing price on June ...

Bloomberg Bayer AG asked the European Union to approve its $66 billion combination with Monsanto Co., the last of a trio of mega-deals reshaping the global agrochemicals industry. The German chemical giant’s filing kickstarts an initial review with an Aug. 7 deadline. Bayer said it’s still seeking to close the deal “before the end of 2017,” a sign that it’s ...

Bloomberg Puerto Rico’s federal oversight board voted unanimously to allow for the government’s electric utility to file for bankruptcy after rejecting a longstanding debt-restructuring agreement with creditors, threatening to impose steep losses on bondholders and insurance companies. The decision promises to upend years of negotiations by the Puerto Rico Electric Power Authority, known as Prepa, with hedge funds, mutual funds ...

Bloomberg Alphabet Inc. said that the European Commission’s recent antitrust fine will reduce second-quarter profit by about $2.74 billion. The company plans to report the fine in a separate operating expense line on its income statement. It’s not tax deductible, so the charge will reduce Alphabet’s net income and earnings per share by the full $2.74 billion amount, it said ...