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  Bloomberg India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports. State-owned Oil and Natural Gas Corp. Ltd.’s board approved the purchase of an 80 percent stake in Gujarat State ...

  Bloomberg Turkey’s Energy Ministry met major power producers to ask them to voluntarily lower electricity market rates or face price caps, according to two people with knowledge of the matter. The meeting came after electricity for immediate delivery in the so-called spot market soared to a record on Wednesday as a natural gas shortage coincided with unusually cold weather, ...

  Bloomberg Billionaire Kjell Inge Rokke’s Aker BP Plc and two private equity-backed companies are in talks to buy stakes in oil fields off Norway from Exxon Mobil Corp. that are valued at about $1 billion, according to people with knowledge of the matter. Aker BP, HitecVision AS and Neptune Oil & Gas Ltd. are bidding for the assets and ...

  Bloomberg China slapped a $29 million fine on General Motors Co. for antitrust violations, a sign of the growing tensions between the US and the Asian nation. The largest US automaker is accused of setting minimum prices on some models in its SAIC General Motors joint venture. The Shanghai Municipal Development & Reform Commission, which imposed the 201 million ...

  AFP Whizzing across a blue-lit platform with a whirr and a squeak, liquid plastic emanating from its chrome tip, the 3D printer seems a far cry from the muddy, crop-filled fields that fringe Yangon. But in an industrial park south of Myanmar’s commercial hub, the advanced technology is now being used to design bespoke parts that are changing the ...

  Bloomberg Alibaba Group Holding Ltd.’s on- demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China’s sovereign wealth fund, people familiar with the matter said. The latest round for Koubei, which deals in local services such as food delivery, will surpass a $1 billion ...

  Bloomberg Shareholders of Tata Motors Ltd. voted to oust independent director Nusli Wadia from the automaker’s board, bringing the owner of Jaguar Land Rover closer to parent Tata Sons Ltd., the holding company of India’s largest conglomerate. About 71 percent of the investors who voted agreed to remove Wadia at a special shareholder meeting in Mumbai on Thursday, according ...

  Bloomberg Coal’s recovery was one of the biggest surprises in commodities this year, but it’s all poised to end as output rises from China, producer of half the world’s supply. After half a decade of declines, European prices rebounded more than 80 percent as China, also the world’s biggest consumer of the fuel, boosted imports. Benchmark month-ahead contracts will ...

  NEW YORK / AP Super Mario might be running, but a hefty price tag for a mobile game just won’t fly with the masses. The world so far is underwhelmed by “Super Mario Run,” which Nintendo released for the iPhone last week. This is no “Pokemon Go,” which captivated millions of players in their quest to collect digital monsters ...

  AFP On Amazon’s streaming game platform Twitch, the world of gaming is being intermingled with real life. A feature unveiled by Amazon called IRL — the acronym for “in real life” — lets people broadcast moments from their lives as part of game play. Amazon called this feature “a new content category designed to both enable and encourage Twitch’s ...