Month: March 2019

(This version of the story corrects to say India won’t discuss retaliatory duty issue with U.S., not that India has no plan to impose retaliatory tariffs)

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India’s exports of farm, marine and handicraft products to the United States could be hit by U.S. plans to end a preferential trade treatment to the country in the next two months, an official at India’s main exporters’ body said on Tuesday.

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U.S. President Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for upto $5.6 billion worth of its exports to the United States.

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Asian shares stepped back on Tuesday, weighed by U.S. economic concerns and as China cut its growth target in the face of intensifying challenges from rising debt and a dispute over trade and technology with the United States.

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Swiss chocolate maker Lindt & Spruengli said on Tuesday it expected organic sales to grow 5-7 percent this year, in line with mid-term targets, as it works to improve the performance in its North American unit.

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Hong Kong flagship carrier Cathay Pacific Airways Ltd said on Tuesday it is in “active discussions” about an acquisition involving budget airline Hong Kong Express Airways Ltd, although an agreement has yet to be reached.

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Sweden’s Volvo Buses and Singapore’s Nanyang Technological University (NTU) on Tuesday unveiled a full-size autonomous electric bus for testing this year in the city state.

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With the global race to secure lithium heating up in 2016, Chile’s president Michelle Bachelet wanted to be sure her country seized the moment. Home to half the world’s lithium reserves, Chile tapping its state-run miner Codelco to ramp up production seemed a sure bet.

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China’s government and its leading smartphone maker, Huawei Technologies Ltd, stepped up pressure on Monday on the U.S. and Canadian governments in a dispute over trade and telecoms technology that has ensnared Huawei’s CFO, who faces U.S. criminal charges.

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A Japanese court granted bail to ousted Nissan Motor Co Ltd chairman Carlos Ghosn on Tuesday more than three months after his arrest for alleged financial crimes, on condition he submit to video surveillance and communications monitoring.

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A Tokyo court on Tuesday granted bail to Carlos Ghosn, the ousted chairman of Nissan Motor Co Ltd who is fighting charges of financial misconduct, after more than three months in detention, Ghosn’s lawyer said.

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Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support.

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A Tokyo court on Tuesday granted bail to Carlos Ghosn, the ousted chairman of Nissan Motor Co Ltd who is fighting charges of financial misconduct, after more than three months in detention, Ghosn’s lawyer said.

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Alphabet Inc’s Google will ban political advertising on its platform before the Canadian federal election, after the country introduced stringent transparency rules.

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Asian shares stepped back on Tuesday, weighed by U.S. growth concerns and as China cut its economic expansion target amid growing challenges from rising debt and a dispute over trade and technology with the United States.

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