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Mnuchin calls latest round of China trade talks ‘productive’

Bloomberg The latest round of US-China talks wrapped up in Beijing, with US Treasury Secretary Steven Mnuchin calling the meetings “productive” in a tweet. Negotiations will continue in Washington next week, Mnuchin said in his tweet after Wednesday’s round concluded slightly later than scheduled. He took part in a photo session with US Trade Representative Robert Lighthizer and China’s Vice ...

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India’s RCom enters bankrupcy again

Bloomberg Indian businessman Anil Ambani’s Reliance Communications will fall back into bankruptcy as an appeals court allowed the beleaguered company’s request to enter the process in an attempt to sell assets. The National Company Law Appellate Tribunal allowed RCom to withdraw its appeal against insolvency proceedings initiated last year and lifted interim orders that temporarily halted the bankruptcy case. The ...

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LG Chem sues rival for stealing secrets

Bloomberg LG Chem, the South Korean electric-car battery giant, sued local rival SK Innovation Co in the US for allegedly stealing trade secrets by poaching scores of highly knowledgeable employees. The lawsuits, filed with the US International Trade Commission and the District Court of Delaware, alleges SK hired 77 employees from LG, some of whom stole trade secrets that helped ...

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