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Looming elections sidetrack Pakistan’s privatization drive

  Bloomberg Pakistan’s drive to sell stakes in its loss-making state-owned entities has been all but abandoned, as the government bows to threats of widespread protests over potential job losses. Former IBM executive Mohammad Zubair, the minister of state for privatization, has found his work increasingly sidelined, even as annual losses from state companies rack up at 600 billion rupees ...

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Nintendo tumbles after Super Mario Run draws tepid reviews

  Bloomberg Nintendo Co. plummeted in Tokyo after the debut of Super Mario Run was met by lukewarm reviews. The stock slid 7.1 percent on Monday, bringing its losses since the game’s debut last week to more than 11 percent. Nintendo’s partner DeNA Co., which helped with the game’s development, dropped 14 percent in the same period. Super Mario Run ...

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Ousted Chairman Mistry resigns from Tata companies amid fight with scion

  Bloomberg Ousted Tata Sons Ltd. Chairman Cyrus Mistry resigned as director of group companies as the units prepared to host shareholder meetings to remove him from the boards in a brawl for control of the $100 billion group. Mistry stepped down as a director in Tata Steel Ltd. and Indian Hotels Co., and as chairman of Tata Motors Ltd., ...

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