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Coal India profit misses estimates

  New Delhi / Bloomberg Coal India Ltd., the world’s biggest producer of the fuel, missed analysts’ estimates for fourth-quarter profit as oversupply of the fuel and lower international prices trimmed earnings. Net income for the three months ended March 31 rose to 42.5 billion rupees ($634 million) from 42.4 billion rupees a year earlier, the state-run monopoly said in ...

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Japan’s Abe may leave ‘tricky’ tax hike to his successor

  Tokyo / AFP Japanese Prime Minister Shinzo Abe intends to push back his debt-loaded country’s next tax hike for two and a half years, when he will likely have left office, reports said on Sunday. Abe on Saturday told his close aides, including Finance Minister Taro Aso, that he intends to push back a planned raise in taxes to October ...

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S Korean prez to promote trade in Uganda

  Kampala / AFP South Korea’s president arrived in Uganda, the second leg of her Africa tour during which she is promoting business and trade opportunities. President Park Geun-hye was welcomed at Uganda’s Entebbe International Airport by Foreign Affairs Minister Sam Kutesa. This is the first visit by a South Korean president since the two countries established diplomatic ties in ...

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