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Indian auto-parts maker to get boost from regulation

Bloomberg Minda Industries Ltd., the Indian vehicle-component maker that’s seen its stock climb the most among peers in the past five years, is expected to benefit from tightening safety regulations in one of the world’s largest automobile markets. Shares of the components manufacturer, which supplies to companies including BMW and local car market leader Maruti Suzuki India Ltd., have climbed ...

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Perth’s South32 agrees to acquire Arizona Mining for $1.3 billion

Bloomberg Global diversified miner South32 Ltd. agreed to acquire Arizona Mining Inc. for $1.3 billion to add a flagship silver-lead-zinc project in the US and said it will remain on the M&A hunt as deal-making returns to the sector. Perth-based South32 — spun out of BHP Billiton Ltd. in 2015 — will pay $4.70 a share for the 83 percent ...

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Singapore home sales climb to 9-month high

Bloomberg Singapore home sales jumped to the highest in nine months in May, underscoring signs the city-state’s property market is recovering. Developers sold 1,121 units last month, the Urban Redevelopment Authority said. That’s more than the revised 732 units in April and the highest since August. Still, sales are running at a slower pace than early last year. The city-state’s ...

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