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Huawei pushes back as pressure on Chinese firms grows amid trade spat

Bloomberg Huawei Technologies Co. said a proposed ban on selling its gear to some US mobile providers isn’t lawful, pushing back against assertions it poses a risk as the Trump administration increases pressure on China over trade and national security. The Shenzhen-based networking giant’s presence in the US “has been artificially restricted by unfounded allegations and suspicions based solely on ...

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Beijing vows not to fire tariff shot ahead of US in trade war

Bloomberg China said that it wouldn’t implement tariffs ahead of the US on Friday, after previous arrangements put it on course to do so. “We will never fire the first shot and will not implement tariffs ahead of the US,” the Ministry of Finance said in a statement, after media reported that Beijing would start levying tariffs hours ahead of ...

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Indians falling out of love with gold

Bloomberg Indians’ love affair with gold is cooling. Imports slumped more than 25 percent to 54 metric tons in June from a year earlier, a person familiar with the information said, asking not to be identified as the figures aren’t public. Overseas purchases plunged 40 percent to 343 tonnes in the first half from a year ago, according to data ...

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