Indian Oil Corp, the country’s top refiner, will shut half of its 300,000 barrels per day Panipat refinery in northern Haryana state for about a month from mid-February for maintenance, a company spokesman said.
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China’s Huawei Technologies will call for a quick resolution of the case regarding its detained executive in Canada who is accused of violating U.S. sanctions on Iran, the company’s chairman, Liang Hua, said on Tuesday.
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The European Commission said on Tuesday it had fined Mastercard 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union.
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The cost of insulin for treating type 1 diabetes in the United States nearly doubled over a five-year period, underscoring a national outcry over rising drug prices, according to a new analysis shared with Reuters.
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Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan ($4.42 billion), as China steps up measures to reduce economic risks and clamp down on illicit capital outflows.
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Tesla Inc has signed a preliminary agreement with China’s Tianjin Lishen to supply batteries for its new Shanghai car factory, as it aims to cut its reliance on Japan’s Panasonic, two sources with direct knowledge of the matter said.
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China’s Ministry of Commerce has accepted an offer made by Brazilian chicken exporters to resolve a dumping dispute, a lawyer told Reuters on Monday, lifting shares of Brazil-based chicken exporter BRF SA.
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