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Bloomberg India has recommended imposing a 25 percent safeguard duty on solar cells from China and Malaysia, saying the overseas supplies have caused or threatened “serious injury” to domestic manufacturers. Under the proposed plan, the safeguard duty would be applicable for two years, India’s Directorate General of Trade Remedies, a unit of the commerce ministry, said in the conclusion of ...

Bloomberg BMW AG is the first overseas carmaker to get a potential toehold in Chinese electric-car battery maker Contemporary Amperex Technology Co. Ltd., obtaining the right to make an equity investment of as much as $427 million. BMW Brilliance, the German carmaker’s Chinese joint venture, is entitled to invest in CATL if the company plans to sell shares in China ...

Bloomberg Pinduoduo Inc., the Chinese e-commerce operator backed by Tencent Holdings Ltd., plans to raise as much as $1.6 billion in a US initial public offering to bankroll a fight against rivals like Alibaba. The Shanghai-based firm is offering 85.6 million American Depositary Shares at $16 to $19 apiece, it said in a stock exchange filing. Tencent, the leader in ...

Bloomberg Anbang Insurance Group Co. is weighing a sale of its Hexie Health Insurance Co. unit as the troubled Chinese firm reviews its assets for possible divestment, according to people familiar with the matter. The insurer is in discussions with financial advisers about a possible disposal of the unit after receiving interest, the people said, asking not to be identified ...

Bloomberg ZTE Corp. will take several weeks to get its business back on track after gaining its freedom from a game-ending US technology ban, people familiar with the matter said. The Chinese telecommunications equipment maker is dealing with a worker shortage as it awaits shipments of key components from US suppliers like Qualcomm Inc., the people said, asking not to ...

Bloomberg US President Donald Trump eased his tone about a Russian natural gas pipeline to Germany after a one-on-one meeting with President Vladimir Putin, shifting from the harsh criticism he’d levied in Europe last week. “We are going to be selling LNG and will have to be competing with the pipeline and I think we’ll compete successfully, although there is ...

Bloomberg Carbon Holdings hopes to finalise financing for its $10.9 billion petrochemical plant by the end of the year, and expects to begin construction of what would be the Middle East’s largest such facility in the third quarter of 2019. The Tahrir Petrochemical Complex, which will be built in Suez Canal Economic Zone, will be finan-ced by equity and a ...

Bloomberg The Trump administration is hitting back at what it considers unjustified retaliatory tariffs that were imposed in response to US steel and aluminum duties. The US Trade Representative said it launched formal challenges at the World Trade Organization (WTO) against China, the European Union, Canada, Mexico and Turkey for retaliating against steel and aluminum tariffs. The Trump administration earlier ...

Bloomberg Jeff Bezos is the richest person in modern history. The Amazon.com Inc. founder’s net worth cracked $150 billion in New York, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person. Bezos, 54, also has topped Gates in inflation-adjusted terms. The $100 billion mark that Gates hit briefly ...

Bloomberg Donald Trump’s economic policies have been a wash of sorts for US business investment. Ten percent of respondents surveyed by the National Association for Business Economics said they have accelerated spending as a result of the 2017 tax cuts. Meanwhile, 10 percent said they have delayed investment because of new tariffs and other trade policies, NABE’s survey of 98 ...