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India’s energy demand falling short of estimates

  Bloomberg Those looking for a bright spot in the global warming picture might want to pay closer attention to India. For several years, demand for electricity in the world’s second-most populous country has trailed forecasts, data compiled by India’s Central Electricity Authority show. While the reasons for the mismatch are complex, the gap raises the prospect that India won’t ...

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Taiwan holds rate as new iPhone, rising oil boost outlook

  Bloomberg Taiwan held its benchmark interest rate for a second straight quarter as economic indicators show fourth-quarter strength and improving growth prospects for 2017. Policy makers held the discount rate to banks at a six-year low of 1.375 percent, the central bank said in a statement on Thursday after a meeting in Taipei. All 28 economists in a Bloomberg ...

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China’s Huochebang fetches $1bn valuation

  Bloomberg Truck Alliance Inc., a Uber-type service for trucks known in China as Huochebang, raised about $115 million in a financing round that valued the startup at $1 billion. The two-year-old company backed by Tencent Holdings Ltd. and Hillhouse Capital secured the capital in a round led by new investors International Finance Corp. and All-Stars Investment Ltd. Tencent, Genesis ...

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