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India-made car quality at par with Japan: Suzuki

New Delhi / Bloomberg Suzuki Motor Corp., shipping India-built cars to Japan for the first time, said plants in its biggest market are now capable of making vehicles at the same level of quality as factories at home. Japan’s second-biggest minicar maker began selling the Baleno hatchback, made by its Maruti Suzuki India Ltd. subsidiary, in Japan on Wednesday, according ...

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Toshiba offers Canon to buy medical devices unit

Tokyo / AFP Japan’s Toshiba on Wednesday offered camera maker Canon exclusive rights to buy its medical devices unit, as the engineering giant sells businesses to recover from a major accounting scandal. The announcement comes as Toshiba expects a whopping loss of about $6.0 billion for the year to March due to sagging global demand and a spectacular profit-padding scandal, ...

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China’s takeover troubles put Xi’s ‘zombie’ reforms to test

Beijing / Bloomberg Talk about a hostile takeover. What seemed like a straightforward consolidation of two Chinese cement makers has morphed into a test of President Xi Jinping’s push to streamline bloated industries and rebalance a lagging economy. Missing company chops, seized corporate offices, $700 million in bond defaults and suspended shares are major plot points in the story of ...

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