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  Bloomberg India’s richest man isn’t done yet. After plowing $25 billion into starting a national fourth-generation mobile network, billionaire Mukesh Ambani is spending more to boost coverage amid complaints from its largest rival that his free services are hurting competition. Reliance Jio Infocomm Ltd., a closely held unit of Ambani’s Reliance Industries Ltd., plans to raise 300 billion rupees ...

  Bloomberg Iron ore has carried last year’s bullish momentum into the start of 2017, with prices rallying to a two-year high amid speculation that China’s demand for overseas ore will hold up even as the world’s largest miners bring on new capacity. Ore with 62 percent content in Qingdao in China climbed 3.9 percent to $83.65 a dry metric ...

  SEOUL / AP A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country’s most valuable company after a spate of recalls last year. Lee faces allegations he offered $36 million in bribes to a friend of President Park Geun-hye, who ...

  Bloomberg Indian dollar-denominated bond sales are set to accelerate in 2017 as mergers and acquisitions and the cheapest borrowing costs in more than two years drive issuance. That’s a contrast to 2016 when sales of US currency notes by local borrowers fell to a six-year low as higher US interest rates and a slump in the rupee to a ...

  Bloomberg Takata Corp.’s agreement to pay $1 billion to settle a criminal investigation removes a hurdle to the air-bag maker’s sale, which the company needs to continue operations and complete the biggest product recall in automotive history. The Tokyo-based company admitted to hiding the deadly risks of its air bags for about 15 years and agreed to plead guilty ...

  Bloomberg Acacia Mining Plc jumped in London trading after the gold miner confirmed it is in early-stage talks with rival Africa-focused producer Endeavour Mining Corp. about a possible merger of the two companies which have a combined value of about $4 billion. Acacia, which mines the precious metal in Tanzania, jumped as much as 7.7 percent to the highest ...

  Abu Dhabi / WAM Abu Dhabi Ports signed a Musataha Agreement with Khalidia International Shipping, a subsidiary of Emirates Business Group (EBG) to set up a third-party logistics (3PL) warehouse with a total investment of AED80 million in KIZAD, the Khalifa Industrial Zone’s trade and logistics cluster. The agreement was signed by Mohamed Abdul Jaleel Al Blooki, Chairman of the ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, welcomed on Sunday Nursultan Nazarbayev, President of the Republic of Kazakhstan, at Al Mushrif Palace in Abu Dhabi. Nazarbayev is currently on an official visit to the UAE. His Highness Sheikh Mohamed bin Zayed ...

  Abu Dhabi / Emirates Business The 10thWorld Future Energy Summit (WFES) opens on Monday at the Abu Dhabi National Exhibition Centre (ADNEC), with the 2017 edition expected to be the biggest ever. Hosted by Masdar as part of Abu Dhabi Sustainability Week (ADSW), WFES drives the business case for sustainability, and is now firmly established as a leading global ...

  Dubai / Emirates Business The Dubai Courts launched the third phase of ‘Aoun’, a leading initiative designed to provide financially challenged litigants with assistance under the supervision of a group of volunteer legal experts. This move complements the Courts’ efforts to support the national movement towards establishing the concept of giving as an inherent value within society in response ...