Explainer-Sudan’s conflict and what worries neighbours, the U.S. and others

(Reuters) – A conflict raging in Sudan is rattling neighbouring countries and worrying the United States and others for reasons ranging from concern about shared Nile waters and oil pipelines to the shape of a new government and a new humanitarian crisis in the making. Sudan, which relies heavily on foreign aid, is no stranger …

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China passes guidance for supporting private sector – state media

BEIJING (Reuters) – China’s ruling Communist Party has passed guidance for promoting the development of private firms, state media said on Friday, signalling more steps to reinvigorate a sector hurt by a round of regulatory curbs. China will optimise the development environment for the private sector and will remove institutional barriers that prevent firms from …

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Indian carrier Reliance Jio’s profit, rev growth hit five-qtr low

BENGALURU (Reuters) -Reliance Jio Infocomm Ltd, the telecom arm of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd, reported its slowest profit and revenue growth in five quarters on Friday, due to higher expenses and lack of recent tariff hikes. Jio, India’s biggest telecom carrier by subscribers, said net profit rose 13% to 47.16 billion rupees …

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India court rejects Xiaomi’s challenge to $676 million asset freeze -sources

By Aditya Kalra NEW DELHI (Reuters) -An Indian court has rejected Chinese phonemaker Xiaomi Corp’s petition against the seizure of 55.51 billion rupees ($676 million), two sources familiar with the matter told Reuters on Friday. Xiaomi’s assets in India were frozen last year by the federal financial crime agency which alleged the company had made …

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India cenbank gives HDFC Bank selective regulatory relief post HDFC merger

MUMBAI (Reuters) -The Reserve Bank of India (RBI) has allowed HDFC Bank Ltd and Housing Development Finance Corp Ltd (HDFC) selective regulatory relief to smooth out the merger between the two organisations, set to conclude by July this year. The central bank has permitted the bank to meet priority sector lending requirements in a staggered …

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