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Toshiba aims for chip deal with Bain by September 20

Bloomberg Toshiba Corp. is aiming to finalise a deal to sell its memory chips business to a group led by Bain Capital at a September 20 board meeting, despite opposition from partner Western Digital Corp., according to people familiar with the matter. Toshiba’s effort faces resistance because the Bain group now includes several Western Digital competitors, including Seagate Technology Plc, ...

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India gold demand stifled in top buyer by prices, laundering curbs

Bloomberg Rising gold prices and government measures to enforce compliance in the Indian jewellery industry are deadening demand in the world’s second-largest bullion market at the start of the traditional festival season when buying usually explodes. “If you ask me, I wouldn’t purchase gold even if it was Diwali,” Prathamesh Mallya, chief analyst at Angel Commodities Broking, said, referring to ...

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Putin and Russian voters have enthusiasm problem

According to the Daily Beast’s latest scoop, “a Russian operative” used Facebook to organize an anti-Muslim event in Twin Falls, Idaho, that attracted a grand total of four people. Inside Russia, the Kremlin appears to have a similar inability to stoke crowds. Last Sunday, Russia held the last string of local elections before the 2018 presidential poll. Few people showed ...

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