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Biggest Indian carmaker’s sales decline most in seven years

Bloomberg Maruti Suzuki India Ltd. reported the biggest decline in sales in almost seven years as a slowdown in consumer spending, the largest driver of growth in the $2.7 trillion economy, became more pervasive. Total sales dropped about 34% from a year earlier to 109,264 units in July, according to a statement. Deliveries of its hatchback models fell 23%, even ...

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Blackouts in Jakarta after ‘grid’ failure

Bloomberg Indonesia’s state power producer PT Perusahaan Listrik Negara reported a failure in one of its transmission grids, causing massive blackouts in areas on main island of Java. The breakdown has caused disruptions in Greater Jakarta, as well as parts of West and Central Java, the company said in a statement on Sunday. Subway and commuter line operators in Jakarta, ...

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S Korea urges Japan to correct ‘reckless, risky’ export curb

Bloomberg South Korean Prime Minister Lee Nak-yon on Sunday urged Japan to correct its “reckless and risky” decision to curb exports to the country, saying that the international community is concerned about security in Northeast Asia after the latest developments. Japan is carrying out an “economic attack” against South Korea after deliberately dismissing diplomatic discussions with the country as well ...

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