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US tells India to cut tariffs as trade friction heats up

US tells India to cut tariffs as trade friction heats up

US businesses and diplomats are pressing India to cut tariffs, industry and government sources say, after New Delhi’s move to increase customs duties on dozens of products to help its flagship Make-in-India drive aggravated differences over trade.

China’s Huawei set to lead global charge to 5G networks

China’s Huawei set to lead global charge to 5G networks

China’s Huawei is forging closer commercial ties with big telecom operators across Europe and Asia, putting the company in prime position to lead the global race for next-generation 5G networks despite US allegations it poses a security threat.

Leaders launch work on $8bn TAPI gas pipeline

Leaders launch work on $8bn TAPI gas pipeline

Regional leaders launched construction work on the Afghan section of a $8bn natural gas pipeline that will link the energy-rich Central Asian nation of Turkmenistan through Afghanistan to Pakistan and India.

Global stocks shrug off rate fears to post gains

Global stocks shrug off rate fears to post gains

Global stock markets were heading towards the weekend on a mostly positive note yesterday, as fearful speculation on US rate hikes took a back burner.

Goldman has a $500mn army of little guys to buff its image

Goldman has a $500mn army of little guys to buff its image

No one would mistake them for typical Goldman Sachs clients. Marcus Moore runs a staffing firm. Jessica Johnson-Cope places security guards and rents out drug-sniffing dogs. J R Foster helps companies maintain their offices and buildings.

Standard Life Aberdeen sells insurance unit to Phoenix

Standard Life Aberdeen sells insurance unit to Phoenix

To receive £2.3bn in cash; takes 19.9% stake in Phoenix; SLA to focus on investments business; SLA chairman Grimstone to stand down next year

China Construction Bank seen as pick for BlackRock, Goldman

China Construction Bank seen as pick for BlackRock, Goldman

If you think things will keep getting better for China’s biggest banks, look no further than China Construction Bank Corp.

India exchange asks indexers to stay out of offshore dispute

India exchange asks indexers to stay out of offshore dispute

India’s biggest exchange operator, which ended licensing deals with its global counterparts in an effort to rein in offshore derivatives, wants index compilers to stay out of the dispute.

Mnuchin urges traders to shrug off worries over tax cuts, debt

Mnuchin urges traders to shrug off worries over tax cuts, debt

Treasury Secretary Steven Mnuchin brushed aside signs that investors are nervous about rising prices and criticism that growing debt will harm US economic security, declaring that President Donald Trump’s policies won’t cause inflation.

Apple is said to negotiate buying cobalt direct from miners

Apple is said to negotiate buying cobalt direct from miners

Apple is in talks to buy long-term supplies of cobalt directly from miners for the first time, according to people familiar with the matter, seeking to ensure it will have enough of the key battery ingredient amid industry fears of a shortage driven by the electric vehicle boom.

China and India compete for bourses as rivalry expands

China and India compete for bourses as rivalry expands

The push for geopolitical influence in Asia is expanding from hard infrastructure to financial assets, with a Chinese bourse outbidding an India rival for Bangladesh’s main stock exchange.

Volkswagen net profit more than doubles to $14bn in 2017

Volkswagen net profit more than doubles to $14bn in 2017

The world’s largest carmaker Volkswagen said yesterday it more than doubled net profits in 2017, with record sales helping it overcome headwinds including its long-running diesel scandal.

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