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Rise in import costs helps Coal India shrink stockpiles

  Bloomberg Coal India Ltd, the world’s biggest producer of the fuel, sees rising international prices helping it shrink swollen stockpiles and gain more buyers as domestic customers shun imports in favor of local supplies. Increasing Australian and South African prices have made imports more expensive, which may boost demand for domestic coal, said Marketing Director SN Prasad. Thermal coal ...

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Samsung in talks with BYD to buy stake in electric-car maker

  Bloomberg Samsung Electronics Co, the world’s largest maker of phones and memory chips, said it’s in talks with BYD Co. about investing in the Chinese electric-car manufacturer. Details including the size of the investment will be disclosed when they’re confirmed, Samsung said. The investment in BYD, backed by Warren Buffett’s Berkshire Hathaway Inc, would bolster Samsung’s semiconductor business for ...

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Yen witnesses the biggest slide in 17 yrs

  Bloomberg The yen slid against the dollar, heading for its biggest weekly drop since 1999, as investors awaited the details of Japanese Prime Minister Shinzo Abe’s recharged stimulus plans following his election victory. The currency slipped against most of its 16 major counterparts, falling after Ben S Bernanke, the former chairman of the Federal Reserve who met officials in ...

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