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This truce is a big defeat for India’s central bank

Many of us will have breathed a sigh of relief as, after a marathon eight-hour meeting on Monday, it looked like India’s government and its central bank had finally made peace with each other after weeks of very public sniping. Reports after the meeting stressed that the tone had been “conciliatory.” (The Reserve Bank of India’s own readout of the ...

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Xiaomi embraces a smartphone future with Meitu deal

Sometimes you just have to play to your strengths. While Xiaomi Inc. proclaims its status as an internet player, the Chinese company has been unable to shed its reputation for being basically a smartphone maker. Its inability to convince investors has been a major reason the stock has fallen 20 percent since Xiaomi’s July IPO. So it makes sense for ...

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Separating Renault-Nissan twins would be bloody

If you depose a king, you’d best have a plan for what to do in the aftermath. That’s the challenge confronting Nissan Motor Co. CEO Hiroto Saikawa after the remarkable palace coup in which Chairman Carlos Ghosn was dethroned after almost two decades bestriding the global auto industry. The man who’s widely seen as indispensable to the collective functioning of ...

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