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Japan’s Takaichi sees need to achieve demand-driven inflation

TOKYO (Reuters) -Japan’s likely next prime minister, Sanae Takaichi, said on Saturday the government and central bank must work closely to ensure the economy achieves demand-driven inflation backed by rising wages and corporate profits. While the world’s fourth-biggest economy is already experiencing inflation, it is premature to declare it fully out of stagnation as recent …

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Pakistan courts US with pitch for new Arabian sea port, FT reports

(Reuters) -Advisers to Pakistani army chief Field Marshal Asim Munir have approached U.S. officials with an offer to build and run a port on the Arabian Sea, the Financial Times reported on Friday, citing a plan seen by the newspaper. The plan envisages American investors building and operating a terminal to access Pakistan’s critical minerals …

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Toyota to resume production at two Brazilian plants after weather disruption

SAO PAULO (Reuters) -Japanese carmaker Toyota is set to resume vehicle production at two Brazilian plants, both in Sao Paulo state, starting November 3, after damages and disruptions from heavy rain and winds halted operations last month, the company said on Friday. In a statement, Toyota added it still has no forecast for resuming operations …

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US soybean farmers, deserted by big buyer China, scramble for other importers

By Tom Polansek WATERMAN, Illinois (Reuters) -A trade mission to Nigeria. A memorandum of understanding with Vietnam. A surge of purchases from Bangladesh.  These countries are not typically major customers for soybeans from the U.S. farm belt. But desperate farmers, their trade organizations and President Donald Trump’s administration are turning to far corners of the …

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Videogame publisher EA’s $55 billion buyout turns spotlight on gaming IP diversification (Oct. 2)

(Corrects paragraph 2 in Oct. 2 story to say market is facing slower growth, not a downturn. Also corrects paragraph 8 to say PIF, and not its gaming arm, has bought or made major investments. The error also appeared in an earlier version of the story) By Zaheer Kachwala (Reuters) -Electronic Arts’ record $55 billion …

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National industrial policies can be effective, but they carry risks, IMF says

By Andrea Shalal WASHINGTON (Reuters) -More countries are seeking to reshape their economies using public support for specific firms and sectors, but subsidies and other industrial policies can be costly and may not be effective unless carefully utilized, the IMF said on Friday. The International Monetary Fund, in a chapter of its forthcoming World Economic …

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Indonesia’s shrimp industry suffers after radioactive case, association says

JAKARTA (Reuters) -Indonesia’s shrimp industry suffered a 30-35% drop in processing absorption after a radioactive contamination was detected in a batch of shrimp shipped to the U.S. in August, the country’s shrimp farmers’ association said on Friday. The shrimp was processed at an industrial estate near Jakarta that was later found to be contaminated with …

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Indonesia suspends TikTok registration over data sharing failures, ministry says

JAKARTA (Reuters) -Indonesia has suspended TikTok’s registration to provide electronic systems after it failed to hand over all data relating to the use of its live stream feature, a government official said on Friday. The suspension could in theory prevent access to TikTok, which has more than 100 million accounts based in Indonesia. Reuters, however, …

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Indonesia confiscates 42,000 tons of tin sands linked to corruption case

JAKARTA (Reuters) -Indonesia’s Attorney General has confiscated 42,000 tons of tin sands from miners linked to a corruption case at state tin mining firm PT Timah, an official said on Friday. The tin sands, which may also contain zircon and monazite, were found in four warehouses on the Bangka Island tin hub linked to a …

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