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India rules out higher tax on gold

Bloomberg Jewellers in India breathed a sigh of relief after the government is said to have ruled out raising import taxes on gold to curb a slump in the local currency. Gold futures in Mumbai rose and shares of Titan Co., India’s largest maker of branded jewellery by market value, pared losses. The country isn’t planning to raise the tax ...

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China says it won’t hold trade talks unless US stops threats

Bloomberg China dashed prospects for a near-term resolution to the trade war with the US, warning President Donald Trump his threats of further tariffs are blocking any potential negotiations. The response, which came just over an hour after the US imposed new duties on $200 billion in Chinese goods on Monday, underscores a deepening gulf between both governments in a ...

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Sky soars towards Comcast’s winning offer of $39bn for Sky

Bloomberg Sky Plc shares jumped as much as 8.7 percent in London, gracing the per-share offer from Comcast Corp. that beat a competitor to acquire the British broadcaster with a knockout $39 billion bid. Sky traded at 17.22 pounds in London, just shy of the 17.28 pound per-share offer from Comcast, signaling investor optimism with the bid. Comcast trumped by ...

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