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China strikes back at US with new tariffs

China strikes back at US with new tariffs

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.

Fuel supplies halted to debt-ridden Air India

Fuel supplies halted to debt-ridden Air India

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.

India Inc sentiment souring as economic growth falters

India Inc sentiment souring as economic growth falters

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.

Tesla in talks with LG Chem on battery supply in China

Tesla in talks with LG Chem on battery supply in China

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.

Huawei says US curbs to cut unit’s revenue by over $10bn

Huawei says US curbs to cut unit’s revenue by over $10bn

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.

Asia refiner profits hammered by free-fall in fuel oil margins

Asia refiner profits hammered by free-fall in fuel oil margins

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 July core inflation hovers at two-year low

Japan’s July core inflation hovers at two-year low

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.

Amazon’s cloud-computing empire faces threat from network’s edge

Amazon’s cloud-computing empire faces threat from network’s edge

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

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading

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.

Trafigura to take stake in Frontline in $675mn deal

Trafigura to take stake in Frontline in $675mn deal

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 lines up to join Germany in all-negative yield curve club

Japan lines up to join Germany in all-negative yield curve club

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

Sensex pares losses; rupee stages sharp recovery

Sensex pares losses; rupee stages sharp recovery

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

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