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Rio to get approaches on last $1.5 billion coal assets

  Bloomberg Rio Tinto Group, which agreed last month to sell $2.45 billion of Australian assets, has recei-ved approaches for its remaining coal operations in the country, people with knowledge of the matter said. The London-based company is considering options for its Hail Creek and Kestrel mines, including a potential sale, according to the people, who asked not to be ...

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Sony cuts outlook on film unit writedown, profit decline

  Bloomberg Sony Corp.’s struggling movie division is weighing on the rest of the company, even as the PlayStation is booming and semiconductors show signs of a rebound. The electronics and entertainment company cut its full-year profit forecast a second time in three months after posting quarterly earnings that missed estimates, following a 112 billion yen ($1 billion) charge against ...

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India’s sugar output shrinks as drought curbs cane supply

  Bloomberg Sugar output in the world’s second-biggest producer may shrink further as mills in some states shut early after drought curbed cane supply. Production in the year that began Oct. 1 is set to total 20.4 million metric tons, according to the median estimate of six traders and analysts surveyed by Bloomberg. That’s the lowest in seven years and ...

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