China said yesterday it will impose retaliatory tariffs against about $75bn worth of US goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies.

Air India called yesterday for government help after oil companies stopped supplying the debt-ridden national flag carrier with jet fuel at six domestic airports due to late payment of dues.

When Indian Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.

US electric vehicle maker Tesla Inc is in advanced talks with South Korea’s LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.

Chinese technology giant Huawei said yesterday the impact of US trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit’s revenue lower by about $10bn this year.

Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for high sulphur fuel oil (HSFO) ahead of a shift to cleaner marine fuels next year.

Japan’s core consumer inflation wallowed at a two-year low in July, increasing pressure for the central bank to acknowledge price momentum was slowing and expand its radical stimulus programme.

Three companies — Amazon.com Inc, Microsoft Corp and Alphabet Inc — quietly dominate the world of cloud computing.

Thyssenkrupp is in talks with Kloeckner & Co over future co-operation in materials trading, but is not working on a near-term takeover of the metals firm, three people familiar with the matter said.

Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675mn which will make the Geneva-based trading firm the group’s second biggest shareholder.

Japan’s sovereign debt market is in danger of joining Germany with negative bond yields across all maturities.

India’s stocks headed for their steepest gain in seven sessions, paring the week’s losses, ahead of a press conference by Finance Minister Nirmala Sitharaman in Delhi. The S&P BSE Sensex climbed 0.6% to 36,701.16 at the close in Mumbai, reversing a drop of as much as 1% and paring the weekly loss to