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Oil gives pause to Kazakhstan’s wealth fund on asset sales

  Bloomberg The crash in crude prices may have nudged Kazakhstan toward its biggest wave of privatization in history, but its wealth fund is now willing to bide its time for a recovery in oil to take hold. Samruk-Kazyna, with assets worth over $64 billion, is in no hurry to kickstart the process, waiting until oil prices recover and Russia ...

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China’s diesel exports rise to record as flooding damps demand

  Beijing / Bloomberg China’s diesel exports rebounded to a record in July as severe flooding in some parts of the country curbed domestic fuel demand. The world’s largest energy consumer exported 1.53 million tons of diesel last month, a 39 percent jump from June and beating the previous record in May, according to data posted Sunday on the website ...

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‘Rural India to become the next driver of e-commerce’

  New Delhi / Bloomberg A surge in internet connectivity in rural India, home to some 870 million people, will lead much of the nation’s e-commerce activity to move into regional areas during the rest of the decade, according to a report by Boston Consulting Group. The number of web-connected rural consumers will more than double to 315 million by ...

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