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Coal India shipments lag target at least 5th year

  Bloomberg Coal India Ltd., the world’s biggest miner of the fuel, missed annual production and shipment targets for at least the fifth year despite reporting record volumes for both. Output grew 2.9 percent to 554.1 million tons during the year ended March, while shipments rose 1.6 percent 543.2 million tons, missing the target of 598.6 million tons for each, ...

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Trump, US science spending pays off bigly

  President Donald Trump has released a budget plan for federal discretionary spending (which doesn’t include interest on the national debt or entitlement programs like Social Security). It has a few things to like, but it’s alarming for its deep cuts to U.S. government support of science and technology. Although Trump’s document is titled “America First: A Budget Blueprint to ...

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The taxman cometh for Credit Suisse’s private banking

    As an international tax-evasion probe ensnares Credit Suisse Group AG, the bank says it has a “zero-tolerance” policy that’s more than just talk. Its weekend charm offensive flagged cash invested in compliance and risk controls, as well as business sacrificed by weeding out irregular clients. But whatever happens in this case, it’s likely that the cost of transparency ...

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