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Tata to seek nod to end Docomo spat

  Bloomberg Tata Sons Ltd., reversing course after ousting Chairman Cyrus Mistry, plans to seek Indian approval to pay $1.17 billion to estranged partner NTT Docomo Inc. as it looks for an amicable solution to their legal tussle, people with knowledge of the matter said. Ratan Tata, who suddenly returned to the helm of India’s largest conglomerate last week, has ...

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Korea looks to curbing property bubble

  Bloomberg South Korea’s government said it will take steps to ease overheating property markets in Seoul, Sejong, and some areas in Gyeonggi and Busan. Finance Minister Yoo Il-ho said the government will limit resale of rights to buy new apartments and strengthen bidding requirements for new apartments in the regions, while monitoring markets and designating anti-speculation property zones if ...

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Egypt jumps on currency float, Saudi rises but Qatar plunges

  Reuters Egypt’s blue chip equities index jumped on Thursday after the central bank floated the currency, a step which could eventually resolve its hard currency shortage, while Saudi Arabia gained for a second straight week. The Egyptian EGX30 index soared as much as 8.4 percent in the first hour of trade after the central bank devalued the pound by ...

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