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Reliance profit falls in eight months to highest

  Mumbai / Bloomberg Reliance Industries Ltd., which reported the highest quarterly profit in more than eight years on Friday, fell to the lowest in more than a month on concerns over cost-overruns and delays in projects. The shares declined as much as 2.6 percent to 1,012.30 rupees, the lowest since mid-March, and traded at 1,015 rupees as of 2:31 ...

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Philip Morris pleads not guilty to tax dodge

  Bangkok / AFP Tobacco giant Philip Morris on Monday pleaded not guilty to dodging hundreds of millions of dollars in import tax to Thailand, a crime carrying a massive fine of up to $2.27 billion. Thai prosecutors accuse the local unit of the company, which owns the Marlboro and L&M brands, of evading some 20 billion baht ($568 million) ...

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Singapore consumer prices decline in record slump

  Singapore / Bloomberg Singapore’s consumer prices fell for a 17th consecutive month in March, the longest period of decline on record, reflecting the impact of lower oil costs and a weakening economy. Consumer prices dropped 1 percent from a year earlier as transport and housing costs fell further, the statistics agency said in a statement on Monday. That compares ...

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