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China’s biggest coal miner digs on as national output slips

  Bloomberg China’s biggest coal miner has sprung into action as the government calls on major producers to ease supply tightness before winter. China Shenhua Energy Co. output jumped more than 14 percent in September from the same month last year, while national production was down more than 12 percent, company and government data on Wednesday showed. And as national ...

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Reliance Industries profit up as Petchem earnings expand

  Bloomberg Reliance Industries Ltd.’s second-quarter profit rose 18 percent from a year earlier, buoyed by higher earnings from its petrochemicals business. Net income for the operator of the world’s biggest oil-refining complex rose to 77.04 billion rupees ($1.2 billion) in the three months ended Sept. 30, the Mumbai-based company said Thursday in a stock exchange filing. That compares with ...

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Alibaba CEO eyes $4trn offline market by being middleman

  Bloomberg After taking control of China’s online shopping market, Alibaba Group Holding Ltd. wants to bring the business of instant feedback to a brick-and-mortar sector that’s 10 times bigger. The nation’s biggest e-commerce company is building a network that would allow physical stores — and the brands they sell — to monitor transactions as they happen, Chief Executive Officer ...

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