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Modi makes huge privatisation push to jumpstart economy

Bloomberg India’s prime minister Narendra Modi is putting the flagging economy back on centre stage after announcing the biggest privatisation drive in more than a decade and making renewed attempts to ring fence the crisis-ridden shadow banking sector. The country is in the midst of a deepening slowdown amid waning consumption — the bedrock of the $2.7 trillion economy. And ...

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Vietnam bans items with disputed map

Bloomberg Vietnam wants its importers to ensure that what they’re bringing into the country won’t contain a disputed South China Sea map that’s been spotted in items from vehicle navigation to solar inverter software. The ministry of industry and trade, in a statement on the website, said companies must review contracts and improve their monitoring of the imported goods. For ...

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Alibaba listing attracts 200,000 retail buyers

Bloomberg Alibaba Group Holding Ltd has attracted about 200,000 investors to apply for the retail portion of its Hong Kong share sale, Hong Kong Economic Times reported, citing unidentified sources. It would make Alibaba the most popular listing of the year by the number of subscribers, the paper said, while adding that the number of retail buyers is less than ...

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