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Singapore’s sports drink firm jumps on Thai Starbucks deal

Bloomberg Shares of Fraser and Neave Ltd got a jolt of caffeine after the company, controlled by Thailand’s richest man, announced plans to enter the Thai coffee market. F&N, better known for its 100Plus isotonic sports drink, jumped the most in 10 months after saying its joint venture unit would buy out Starbucks Corp’s operations in Thailand. The deal — ...

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China calls ban on Huawei rough disruption to market

Bloomberg China called the US export ban on Huawei Technologies Co a rough disruption to the chip-making market and vowed to further open its industrial sector for foreign investment. “The US has roughly interfered in the integrated circuit sector’s global market order with a groundless accusation,” Wang Zhijun, vice head of the Ministry of Industry and Information Technology, said in ...

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Japan’s new bullet train hits record in its test run

Bloomberg A new model of bullet train set to enter service ahead of the Tokyo Olympics hit a record speed of 360 kilometres (224 miles) per hour in a test run, operator JR Central said. The N700s — the suffix stands for ‘supreme’ — is the first new model of bullet train on Japan’s busiest line for almost a decade. ...

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