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Alibaba seeks to raise up to $15b in Hong Kong share sale

Bloomberg Alibaba Group Holding Ltd is moving ahead with plans to raise as much as $15 billion in a Hong Kong share sale, people with knowledge of the matter said, a major win for a city rocked by months of civil unrest. Asia’s largest company by market value is now preparing for a listing hearing as mandated by companies that ...

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India to import onions to keep prices in check

Bloomberg India will import 100,000 tons of onions, Food and Consumer Affairs Minister Ram Vilas Paswan said in a message on Twitter, in a bid to curb rising prices. State-owned trading firm MMTC Ltd will import the onions so that they are available for distribution between November 15 and December 15, the minister said. State co-operative National Agricultural Cooperative Marketing ...

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Japan’s Fukushima to start $2.7b renewables project

Bloomberg Work is set to begin on a $2.7 billion renewable energy project in Japan’s Fukushima, the site of one of the world’s worst nuclear disasters, the Nikkei newspaper said. The plan is for the wind and solar project to generate and transmit up to 600 megawatts of power, which will be supplied to Tokyo and the surrounding area, according ...

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