Malaysia Set to Implement Consumption Tax

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Malaysia's government is on track to introduce a long-delayed consumption tax of 6% in April 2015, Dato' Sri Abdul Wahid Omar, minister in charge of economic planning, said Monday.

Australia to Step Up Russia Sanctions

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Australia will ratchet up economic sanctions against Russia in response to its military action in Ukraine, with Prime Minister Tony Abbott saying Moscow risked becoming an "international pariah."

Samsung Makes Restructuring Move

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In the latest restructuring move among Samsung Group companies, the shipbuilding and engineering businesses of South Korea's largest conglomerate said they will merge.

OSI Turns Over Plant's Management in China

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OSI will let an arm of U.S.-based Golden State Foods manage a China plant, as OSI attempts to rebound from accusations that it sold past-due meat.

Heineken Sells Mexican Can Maker to Crown

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Heineken has sold its Mexican packaging business to Crown Holdings for $1.23 billion in cash, allowing the Dutch brewer to tighten its focus on beer and the U.S. group to entrench its beverage-can business in North America.

China Factory Output Slows

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China's economy faces further headwinds after two measures of factory output decelerated in August, adding pressure on Beijing to stimulate growth to meet the nation's annual target.

Areva Says Finnish Nuclear Reactor Ready in 2018

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A nuclear reactor Areva is building with Siemens in Finland is now estimated to start operations in 2018, nearly a decade later than originally planned, the French nuclear group said.

Yuan's Fall Hurts Chinese Profits

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Chinese companies are reporting profit hits from the weaker yuan, after borrowing billions of dollars from the U.S., Hong Kong and elsewhere abroad—and the problem is likely to continue.

German Second-Quarter GDP Slip Confirmed

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Germany's economy contracted in the second quarter after a robust start to the year, the Federal Statistics Office confirmed, putting pressure on policy makers to move ahead with measures to boost the economy.

Alibaba Plans IPO Launch Week

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Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.

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