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Hong Kong / DPA Music and video retailer HMV will be sold for HK$408 million ($52.5 million) to film makers and distributors China 3D Digital Entertainment Limited, which has agreed to the deal with parent company AID Partners Capital Holdings Ltd, according to a statement the two companies filed to the stock exchange on Tuesday. Both China 3D Digital Entertainment ...

Tokyo / Bloomberg Japan is aiming to have 40,000 hydrogen-powered cars on its roads by 2020, with plans for a 20-fold expansion to 800,000 by 2030, according to a report released by the Ministry of Economy, Trade and Industry on Wednesday outlining the future use of hydrogen and fuel cells. The country, whose prime minister has vowed to turn it ...

Dhaka / Bloomberg A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according to a complaint filed to police that provided new details on the attempted theft of nearly $1 billion. Zubair Bin Huda, a joint director of Bangladesh Bank, found the printer tray empty when he looked on the ...

New Delhi / Bloomberg India plans for the first time to include energy storage as a requirement when a solar project is tendered this month, opening what could become a significant new market to battery makers such as Tesla Motors Inc., Samsung SDI Co. and Panasonic Corp. The state-owned Solar Energy Corp. of India, which is responsible for implementing the ...

Bloomberg Consumer prices in the U.S. excluding food and fuel climbed more than forecast in February for a second month, adding to signs inflation is moving closer to the Federal Reserve’s target. The overall cost of living fell amid cheaper fuel. The so-called core measure, which strips out volatile food and fuel, rose 0.3 percent from a month earlier, the ...

Bloomberg The Colombian peso dropped with oil as Morgan Stanley said that measures to tackle the current account deficit and inflation will end up lowering growth. The currency, which last week rose to the highest level since November, dropped 0.8 percent to 3,177.58 per U.S. dollar at 11:37 a.m. in Bogota. Oil, the country’s biggest export, fell from a three-month ...

Bloomberg Brazil’s national unemployment rate in 2015 rose to its highest since the data series began three years earlier, piling pressure on President Dilma Rousseff who was a prime target in one of the nation’s largest protests ever on Sunday. The unemployment rate in 2015 averaged 8.5 percent, up from 6.8 percent the prior year, according to data released by ...

Bloomberg Lawmakers in Argentina’s lower house of Congress voted on Wednesday to approve a bill that seeks to end a 15-year legal battle with disgruntled creditors from the 2001 default which would pave the way for the nation to return to international capital markets. Lawmakers voted 165 for and 86 against to support a package of measures that calls for ...

Bloomberg Of the 40 million people who climbed into Brazil’s middle class during the boom years of the previous decade, almost one in 10 has already slid back down. Marco Antonio dos Santos Correia fears he may be next. The 51-year-old trucker bought his vehicle and Rio de Janeiro apartment using borrowed cash, joining the millions of other Brazilians who ...

Bloomberg Singapore developers sold the lowest number of new homes in 14 months, as mortgage curbs cooled demand in Asia’s second-most expensive housing market. Developers sold 301 units in February, down 7 percent from the revised 323 units in January, according to data released Tuesday by the Urban Redevelopment Authority. While annual sales rose just under 2 percent to 7,440 ...