Brazil Oi Explores Buying Stake in TIM

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One of Brazil's largest phone companies, Oi SA, has hired an investment bank to examine the possibility of buying a stake in a rival phone company, TIM Participacoes SA, which is controlled by Telecom Italia SpA.

Chiquita, Fyffes See More Merger Savings

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Chiquita Brands and Irish fruit company Fyffes have identified an extra $20 million in annual savings from their proposal to join forces to create the world's biggest banana company.

Australia, Indonesia Sign Intelligence Agreement

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A new intelligence code of conduct between Australia and Indonesia will help increase cooperation and combat the threat of militants returning home from fighting in Syria and Iraq, Australia said.

Tower Bersama Bids for Telecom Assets

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Some of Indonesia's largest telecommunications infrastructure companies including Tower Bersama are among the bidders to buy some of the telecom towers of XL Axiata in a deal that could be worth $500 million, people with knowledge of the matter said.

Google Search Bug Spurs Hacking Talk

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A software bug disrupted some Google searches for roughly eight hours early Tuesday, displaying images of what appeared to be a car crash in Russia and sparking speculation that Google had been hacked.

OCBC in Talks to Sell United Engineers Stake

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OCBC said it is in exclusive talks to sell its stake in United Engineers to Thai billionaire Charoen Sirivadhanabhakdi, as deal activity in Singapore continues its record run.

Westfield Raises Bet on Europe

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Australian developer Westfield said it has raised its stake in a $1.84 billion shopping mall planned for Italy as it seeks other opportunities on the continent.

Mix Wrestling, Tag for India's New Sports Craze

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India's newest professional sport, kabaddi, is an ancient Indian game that in its newest incarnation is a high-octane mix of tag and Greco-Roman wrestling. It has been drawing sellout crowds and big TV audiences.

Germany's Gamble on Renewable Energy

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Many companies worry the cost of Germany's mammoth, trillion-euro plan to wean the country off nuclear and fossil fuels by midcentury will undermine the country's competitiveness.

Volvo Unveils New Look for XC90 Sport-Utility

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Volvo Car officially unveiled its second-generation XC90 sport-utility vehicle, its first model developed under the ownership of Chinese auto maker Zhejiang Geely Holding Group.

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