India Rises as Importer of Coal

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India has recently been taking advantage of a global price slump to import more coal, while China is seeking to rely more on domestic sources.

Lorillard, Reynolds to Meet with FTC Ahead of Merger Decision

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Reynolds American and Lorillard are expected to meet this week with members of the FTC ahead of a final decision by the agency on whether to allow the companies to merge, according to people familiar with the matter.

Consumers Should Emerge From Hibernation

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Ahead of the Tape: As a harsh winter ends, Americans won’t continue their saving ways.

ChemChina Won't Rule Out Pumping Up Pirelli Offer

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The Chinese chemical company behind a bid to buy tire maker Pirelli—in a potential $7.7 billion deal—won’t rule out an improved offer, even as it suggested it had limited financial firepower to offer more.

Best Buy to Close Its Canadian Chain Future Shop

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Best Buy plans to shut down its Canadian chain Future Shop to focus attention on its namesake brand, a move that will cut about 1,500 jobs across the country.

Hudson News Owner to Buy World Duty Free

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Swiss airport retailer Dufry said it has agreed to buy Italy’s World Duty Free in a deal that values the latter at about $3.9 billion, including debt.

Facebook Woos Chinese Advertisers

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Facebook is waging a charm campaign to draw more business from Chinese companies, even though Chinese users can’t access its service.

Holcim Shareholder Opposes Lafarge Deal

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Eurocement Holding, the second-largest shareholder in cement company Holcim, plans to vote against the Swiss company’s union with Lafarge unless the financial terms of the deal are altered, according to a person familiar with situation.

Greece Gives Details on Port Sale

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Greece has told creditors it expects to raise at least $545 million from the privatization of the Piraeus port, according to Greek officials.

Aabar, Arabtec Consider More Investments in Egypt

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Abu Dhabi investment firm Aabar and U.A.E. construction company Arabtec are looking to step up their investments in Egypt, the chairman of both entities said, underscoring the deepening ties between the two countries.

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