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Foxconn pulls from $19.4 bn deal in India to make semiconductors
Foxconn pulls from $19.4 bn deal in India to make semiconductors
Business and Economy
by  AFP

Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday. The deal would have seen Vedanta -- one of India's biggest mining companies -- take a 60 percent share in the joint venture, while Foxconn would have the minority stake.

UK water crisis pollutes privatisation legacy
UK water crisis pollutes privatisation legacy
Business and Economy
by  AFP

Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills -- the nation's vital sectors are mired in chaos decades after their controversial privatisation. The nation's rail tracks were not privatised, while the state has periodically enforced temporary renationalisation of badly-run train operators.

Asian markets rise as China pledges fresh property support
Asian markets rise as China pledges fresh property support
Business and Economy
by  AFP

Asian markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities' pledged further help for the economy. "China's latest policy support toward the property sector was a bit surprising -- given the low expectations on the property market," said Zhou Hao, of Guotai Junan International Holdings.