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India pays part of Iran oil dues

  NEW DELHI / Reuters Indian refiners have cleared part of the $6.4 billion owed to Iran for crude oil imports in euros through Turkey’s Halkbank, three sources privy to the payment said. This is the first payment to Iran by India since the lifting of Western sanctions against the Persian Gulf nation earlier this year and comes just ahead ...

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Apple chief maps his vision for India

  New Delhi / Bloomberg Apple Inc.’s Tim Cook outlined his vision for his company in India in a meeting with Prime Minister Narendra Modi on Saturday where they also discussed cybersecurity and data encryption. “Cook shared Apple Inc.’s future plans for India,” according to a statement from the Indian government. “He spoke of the possibilities of manufacturing and retailing ...

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‘China needs infra investment to grow’

  ZHENGZHOU / AP Increasing infrastructure investment is the best way to boost economic growth in China and doing so doesn’t undermine efforts to overhaul the economy, according to former central bank adviser Yu Yongding. “If China does not increase infrastructure investment now, it may miss a historical opportunity,” Yu said at an economics conference in Beijing. “In order to ...

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