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Rupiah set for central bank relief as RBNZ puts pressure on kiwi

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Bloomberg Two of the year’s worst-performing Asia-Pacific currencies are poised to enter the fourth quarter with dramatically different support from their central banks. New Zealand officials are expected to keep the possibility of a rate cut on the table when they meet on Thursday, wary of a slump in business confidence even as growth has shown recent signs of picking ...

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Tata warns UK steel-making needs ‘big profits’ to survive

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Bloomberg The smoking towers of the Port Talbot steelworks have dominated the South Wales skyline for more than a century. If they’re to continue to do so for decades to come, they’ll need to make more money. The past decade has seen some of the most traumatic years for the plant. Hurt by the global financial crisis and then by ...

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Indian billionaire KM Birla says he’s hungry for deals

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Bloomberg Kumar Mangalam Birla, the billionaire chairman of the acquisitive Indian conglomerate that bears his name, said he’s hungry for more deals after creating the nation’s biggest mobile-phone operator. His Aditya Birla Group continues to look for targets in the US, Europe and India that make business sense and are likely to add value, the 51-year-old said at Bloomberg’s India ...

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