MONEY

Pyongyang gas price surge: Bad news for Kim Jong-Un?

While world attention has focused on Kim Jong-Un’s recent missile tests, a month-long surge in gasoline prices in Pyongyang is showing no signs of letting up — a puzzling problem that if allowed to drag on could be very bad news for the North Korean economy.

Associated Press, May 26 2017

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India launches new luxury train

India’s passenger trains are notorious for being rickety and spartan, but the government is hoping to change all that with a new “luxury” service.

Agence France-Presse, May 26 2017

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Wine and weed? Some Oregon vineyards try hand at pot farming

Bill and Barbara Steele moved to this sleepy corner of Oregon to start their own winery after successful, high-powered business careers.

Associated Press, May 26 2017

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NZ set to spend more on infrastructure

New Zealand expects to post a bigger-than-forecast budget surplus in 2017 and plans to invest the extra cash in infrastructure to fuel the growing economy, Finance Minister Steven Joyce said on Thursday.

Reuters, May 26 2017

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Hong Kong’s rating slashed

Hong Kong on Thursday hit back at a decision by Moody’s to cut its credit rating on the city, which the agency said was becoming increasingly close to mainland China.

Post Report, May 26 2017

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Melbourne to be largest city in Aus by mid-2030s

Melbourne would be Australia’s largest city by the mid-2030s, data released on Thursday revealed.

Xinhua, May 26 2017

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Opec caught in the pincers of price and technology

As officials from oil exporting countries arrived in the Austrian capital for a meeting, there was a certain sense of nostalgia in the air.

By STANLEY REED, May 26 2017

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Lenovo posts $535m net profit

Chinese technology giant Lenovo on Thursday said its net profit for the fiscal year was back in the black, helped by stabilisation in its core personal computer market.

Agence France-Presse, May 26 2017

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Harley-Davidson to open plant in Thailand

Harley-Davidson, the iconic motorcycle brand hailed by US President Donald Trump for keeping jobs in America, is building a plant in Thailand, the company confirmed on Thursday, as it seeks new buyers in Asia and lower tariffs.

Agence France-Presse, May 26 2017

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LeEco cuts 325 US jobs

Cash-strapped Chinese tech firm LeEco on Wednesday confirmed that it is throttling back plans to invade the US market, cutting 325 jobs months after announcing a major expansion.

Agence France-Presse, May 26 2017

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Trump plan to sell off oil stockpile sparks debate

President Donald Trump’s proposal to sell nearly half the US emergency oil stockpile is sparking renewed debate about whether the Strategic Petroleum Reserve is still needed amid an ongoing oil production boom that has seen US imports drop sharply in the past decade.

Associated Press, May 26 2017

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Renault launches new Lodgy Stepway range

Renault Nepal is launching the all new LODGY STEPWAY range, as it looks to appeal to customers looking for a fascinating value proposition.

Post Report, May 26 2017

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Nawalparasi becoming cement hub of Nepal

Cement factories are springing up in Nawalparasi due to favourable investment environment. The district alone houses 5 cement factories running on high capacities. Nepal has a total of 17 cement factories.

Narayan Sharma, May 26 2017

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Imports of telecom goods surge 42pc

Imports of telecommunications equipment and parts have surged in the first nine months of the fiscal year with major telecom companies introducing new technology and focusing on expanding services.

Post Report, May 26 2017

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Panel tasked to suggest appropriate modality

The government has been working to determine the most appropriate modality for the construction of the planned airport in Nijgadh, Bara. It has constituted a five-member committee to recommend whether the modern facility should be built with public or private financing or both.

SANGAM PRASAIN, May 26 2017

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Electricity Generation Co applies for survey licences

The newly incorporated Electricity Generation Company has applied for licences to undertake surveys for four hydropower projects with the Department of Electricity Development (DoED), and is preparing to file applications for four more schemes.

Post Report, May 26 2017

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