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Signalling glitch at rush hour hits Hong Kong train services

Bloomberg Hong Kong’s metro trains suffered delays due to a rare, simultaneous signaling glitch on four of its lines, causing chaos at stations and inconveniencing thousands of commuters during the morning peak-hour rush. The Asian financial hub’s rail operator, MTR Corp., said three major lines and a fourth one had to be operated manually early on Tuesday, slowing down trains ...

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Temasek in talks for stake in Anbang

Bloomberg Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge of the matter. Temasek has been examining a potential deal for several months, the people said, asking not to be identified because the discussions are ...

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Low food prices are a budget problem for India’s Modi

Bloomberg A low inflation spell in an election year should be good news for any government, right? Wrong. For Prime Minister Narendra Modi, the subdued inflation numbers, due largely to low food prices, may present a budget problem. His government may have to shell out more to compensate farmers for low market prices of some crops under a plan announced ...

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