Bloomberg China vowed to fight back against the Trump administration’s plans to impose tariffs on an additional $200 billion in Chinese goods, escalating a trade war between the world’s two biggest economies. Beijing described the latest US move as “totally unacceptable” bullying, and urged other countries to join China to protect free trade and multilateralism. China promised to lodge complaints …

Bloomberg OPEC expects supplies from its rivals to increase by the most in five years in 2019, with extra oil from the US alone sufficient to meet the growth in global demand. In its first detailed outlook for 2019, the Organization of Petroleum Exporting Countries indicated that the North American oil boom means OPEC members are already producing enough crude …

Bloomberg Billionaire Gautam Adani’s gas retailing unit is among firms that submitted 400 bids for the 86 areas the Indian government offered in its latest auction for city-gas licenses. Adani Gas Ltd bid for 32 licenses, Chief Executive Officer Rajeev Sharma said on Wednesday, while its joint venture with Indian Oil Corp bid for 20. A unit of state gas …