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  • NEW DELHI, May 3- Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all. The increase turned coal shortages at India's power plants to oversupply, making it one of...

  • NEW DELHI/ MUMBAI, May 2- India will soon scrap an order that requires sugar mills to export excess supply, two government officials said on Monday, after back-to-back droughts look set to turn the country into a net importer by October. Late last year the government asked mills to export as much as 3.2 million tonnes to deal with what was then a glut that dragged...

  • NEW DELHI, May 2- India will monitor thousands of mines with the help of satellites starting this year, a government official said, after a three-month pilot project found rampant illegal extraction of limestone in a big state. Mines Secretary Balvinder Kumar declined to name the state ahead of the completion of surveillance in some other regions, but said the...

  • BANGKOK— Japan's foreign minister announced a multibillion-dollar initiative Monday to promote development in Southeast Asia's Mekong region, which encompasses parts of Vietnam, Laos and Thailand through which the river flows. In a speech at Chulalongkorn University in Bangkok, Fumio Kishida affirmed the importance of Southeast Asia's economic...

  • NEW DELHI, May 2- A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors- above all state banks trying to recover $100 billion in bad loans- shouldn't start celebrating just yet. For Prime Minister Narendra Modi's drive to' Make in India', encouraging new investment depends on unburdening creditors of old ones that...

  • *Top producers India, Thailand and Vietnam suffer severe drought. A heat wave is sweeping top rice exporter India, while the No.2 supplier Thailand is facing a second year of drought. "As of now we haven't seen a large price reaction to hot and dry weather because we have had such significant surplus stocks in India and Thailand.

  • *India, U.S. aim to track submarines in Indian Ocean. NEW DELHI/ HONG KONG, May 2- India and the United States are in talks to help each other track submarines in the Indian Ocean, military officials say, a move that could further tighten defense ties between New Delhi and Washington as China steps up its undersea activities. Both the United States and India are growing...

  • BANGKOK, May 1- Japan's foreign minister arrived in Bangkok on Sunday aiming to reaffirm economic ties after Japanese investments in Thailand slumped last year amid political concerns as well as stiff competition emerging from more nimble neighbours. Japan has historically been the largest investor in Thailand, Southeast Asia's second biggest economy,...

  • A look at some May Day events:. Fearing France's worker protections are under threat, hundreds of angry youths on the sidelines of a May Day labor rally hurled stones and wood at police in Paris, receiving repeated bursts of tear gas in response. The traditional May Day rallies took on greater weight this year as parliament is debating a bill that would allow longer...

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.; Commerce Department releases construction spending for March, 10 a.m.. BERLIN— Automaker BMW releases first-quarter earnings figures. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Labor Department releases...

  • NEW YORK, April 29- Rovi Corp, a provider of digital television guides, said on Friday it would buy video recorder pioneer TiVo Inc in a $1.1 billion deal that brings together two video software players with deep patent portfolios. The combined company, which will add Tivo's 10 million customers to Rovi's 18 million customers, will be led by Rovi Chief Executive Tom...

  • The Central Bureau of Investigation, which investigates corruption in India, declined to comment. India's federal police have been investigating suspected collusion between government officials and private companies in under-priced sales of coalfields, which the state auditor said in 2012 might have cost India some $33 billion in lost revenue.

  • Go-Jek, a play on the local word for motorbike taxis, has become popular among commuters on the traffic-clogged streets of Jakarta as its phone app removes much of the hassle of finding a driver and negotiating fares. But Go-Jek cannot afford to continue relying on subsidies as "you end up where you run out of money", Go-Jek founder Nadiem Makarim told Reuters on the...

  • *OPEC supply rises by 170,000 bpd to 32.64 million bpd. *For a table of OPEC output, see. Top exporter Saudi Arabia, however, made no major change to output, the survey found, despite the kingdom hinting it could boost supply after OPEC and non-member nations failed to agree to freeze output at a meeting on April 17.

  • *Iran owes Germany about 500 million euros. *Germany- Iran holding Tehran business summit on May 2-3. BERLIN, April 29- Restoring German banks' financial ties with Iran will take time given debt owed to Berlin and transparency concerns, the head of the German banking association said on Friday, dampening expectations days before a business summit in Tehran.

  • *Central beats rival TCC to win Vietnam business. *Vietnam deal takes Casino asset sales to 4.2 bln euros. Casino, facing weak markets in Brazil and fierce competition in France, has said it aimed to raise around 4 billion euros this year by selling off businesses in Thailand and Vietnam plus the sale of real estate assets in Latin America.

  • *Comes despite China's efforts to control speculative trading. MANILA/ SHANGHAI, April 29- Commodity futures linked to China's vast steel sector rebounded sharply on Friday, led by iron ore and rebar, as robust construction demand spurred buying even as the country's regulator ordered exchanges to rein in speculative trading. Big bets on Chinese commodities...

  • NEW DELHI, April 29- A flurry of complaints from Uber drivers about an unusually high number of canceled bookings was the spark that ignited a bitter legal fight with Ola, Uber's rival for dominance of India's $12 billion taxi market, according to court documents and a source with direct knowledge of Uber's case. Ola, an Indian company backed by Japan's SoftBank...

  • NEW DELHI, April 29- A flurry of complaints from Uber drivers about an unusually high number of cancelled bookings was the spark that ignited a bitter legal fight with Ola, Uber's rival for dominance of India's $12 billion taxi market, according to court documents and a source with direct knowledge of Uber's case. Ola, an Indian company backed by Japan's SoftBank...

  • UNITED NATIONS, April 28- Iran asked U.N. chief Ban Ki- moon on Thursday to convince the United States to stop violating state immunity after the top U.S. court ruled that $2 billion in frozen Iranian assets must be paid to American victims of attacks blamed on Tehran. Zarif's appeal comes amid increasing Iranian frustration at what they say is the failure of the...