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India’s Maruti Suzuki blames high taxes for low ownership

  Bloomberg India’s biggest carmaker, Maruti Suzuki India Ltd, said government levies put vehicles beyond the reach of much of the population, adding to criticism of the country’s tax regime from Tesla Inc and Toyota Motor Corp. “Government policies are such that they treat cars as luxury products that need to be heavily taxed,” Maruti Chairman RC Bhargava said at ...

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Taiwan export orders flash warning signal

  Bloomberg Taiwan’s export orders plummeted by the most since the height of the global financial crisis more than a decade ago, a sign of worsening global demand for technology products. Overseas orders to Taiwanese firms fell 23.4% in November from a year earlier, according to a statement from the Economics Ministry. That was almost double the 12.8% drop economists ...

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IPOs pick up in Hong Kong next year with China reopening plan

  Bloomberg After the worst year for initial public offerings (IPO) in Hong Kong since the financial crisis, bankers and analysts expect a recovery in listings in the Asian financial hub as China moves forward with reopening plans. Proceeds raised in the city totalled $12.9 billion in 2022, down 70% versus last year, outpacing the 29% contraction in the Asia ...

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