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Indian billionaire offers to repay $208mn debt early

Bloomberg Piramal Enterprises Ltd, a company controlled by Indian billionaire Ajay Piramal, has offered to repay a 15 billion rupee ($208 million) debt to Standard Chartered Plc early after getting a waiver on a covenant, according to people with knowledge of the matter. The flagship company of the group — which runs non-bank financiers and a drug maker — hasn’t ...

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Japan exports slump 9.2% in October

Bloomberg Japan’s exports suffered their largest drop in three years in October, as the US-China trade war continued to hit global demand and extreme weather disrupted output at home. Exports fell 9.2% from a year ago, dropping for an 11th month and extending the longest streak of monthly declines since 2016, Ministry of Finance data showed. Economists had forecast a ...

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India plans incentives for foreign companies

Bloomberg India is planning to offer 324 companies including Tesla Inc and GlaxoSmithKline Plc incentives to set up factories in the South Asian nation in a bid to capitalise from the trade war between China and the US, according to a document seen by Bloomberg. The government proposes to provide the manufacturers land to set up a factory along with ...

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