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Bain, INCJ offer $19 billion for Toshiba chip unit

Bloomberg A group led by Bain Capital LP and Japanese investors has offered about 2.1 trillion yen ($19 billion) for Toshiba Corp.’s semiconductor division, emerging as a leading bidder in the hotly contested auction, according to people familiar with the matter. The US private equity firm has the backing of state-supported Innovation Network Corp. of Japan and Development Bank of ...

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Hyundai Motor counts on new SUV model to revive sales

Bloomberg Hyundai Motor Co. is counting on its first global compact SUV model to revive flagging sales after missing out on the popularity of sport utility vehicles in its major markets. Vice Chairman Chung Eui-sun unveiled the Kona SUV, with a starting price of 18.95 million won ($16,800). The model will begin sales this month in South Korea, followed by ...

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Price woes bring Indian farmers to streets

Bloomberg As monsoon rains move across India — usually a boom time for the agriculture sector — farmers have left their land and taken to the streets amid growing anger over falling food prices and high debts. With protests spreading around the country, the government of Prime Minister Narendra Modi is under pressure to provide more incentives. A drop in ...

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