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US, China barter on trade gap, ZTE as tariff deadline nears

Bloomberg The US and China continued to haggle over the shape of a deal to fend off an impending trade war, with China offering to boost purchases of American goods and the US finalising a deal to allow China’s ZTE Corp. to resume purchases from American suppliers. Ahead of a mid-June deadline for imposing tariffs on Chinese imports, China has ...

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Thailand’s Minor to bid for all of Spain’s NH Hotel Group

Bloomberg Thailand’s Minor International Pcl said it would bid to acquire all of NH Hotel Group SA after agreeing to buy HNA Group Co.’s stake in the Spanish hospitality chain. Minor’s shares climbed the most since 2016. The Bangkok-based company will make a tender offer worth as much as 1.64 billion euros ($1.92 billion) for the 65 percent of NH ...

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China smashes steel gangs’ $750mn export scam

Bloomberg China has detained 245 people after a nationwide raid of gangs suspected of illegally selling more than 2.4 million metric tons of steel scrap to buyers across Southeast Asia. Chinese authorities carried out multiple raids starting after an investigation into unusual activity unearthed a network that was shipping scrap without fully paying the 40 percent export duty, the General ...

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