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Takeda nears Russia, Mideast asset sale to PE

Bloomberg Takeda Pharmaceutical Co is nearing the sale of a portfolio of assets in the Middle East, Africa and Russia to separate buyout firms that could help the drugmaker raise about $1 billion to reduce debt, according to people familiar with the matter. The Japanese company is in advanced talks to sell over-the-counter and prescription-drug assets in Russia to Stada ...

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India factory output declines first time in 2 years in Aug

Bloomberg India’s factory output contracted for the first time in more than two years in August, as a sharp fall in capital goods and consumer durables production weighed on activity. The index of industrial production fell 1.1% in August, data released by the Ministry of Statistics showed Friday. That compares with an estimate for a 1.7% expansion. The decline, last ...

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S’pore housing estates to get facelift

Bloomberg Singapore will spend more than S$1 billion ($728 million) on upgrading projects for public and private housing estates over the next few years, Minister for National Development Lawrence Wong said in a speech, according to the Straits Times. The projects will cushion industry partners in the current economic climate, he said at an annual gathering for the ministry, according ...

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