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US-China trade war hurts tech firms from Apple to Lenovo

Bloomberg A shudder reverberated through the global technology sector as the Trump administration considers tariffs on Chinese imports including consumer electronics. Under the most severe scenario being weighed, the US could impose tariffs on a wide range of Chinese imports from shoes and clothing to tech gadgets, said two people familiar with the matter, who asked not to be identified ...

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Toyota reinvents Supra after a 16-year hiatus

Bloomberg The Supra is back, and it’s more than a halo car for Toyota Motor Corp. It’s a statement of intent. President Akio Toyoda is resurrecting Toyota’s most iconic sports car after a 16-year break to get customers excited about gripping a steering wheel at a time when the industry races towards self-driving cars. Six years in development, Asia’s biggest ...

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Billionaire Mahindra doesn’t fear trade war as world needs India

Bloomberg Billionaire Anand Mahindra, chairman of India’s largest SUV maker, can’t understand why Indian markets seem perturbed by the threat of a global tariff war. “Small, export focussed countries stand to lose. Countries with large domestic economies can easily withstand tariff threats,” Mahindra tweeted. As President Donald Trump’s steel tariff prompts concern about retaliation and a trade war, the head ...

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Tata Sons plans first overseas loan in more than a decade

Bloomberg Tata Sons Ltd. is seeking an offshore syndicated loan, as it seeks to pay down expensive debt at telecommunications units, according to people familiar with the matter. The holding company for India’s biggest business group has mandated lenders for a $1.5 billion six-year loan, the people familiar said this week. Tata Sons plans to use the proceeds to repay ...

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China finds tech firm in Taiwan it can acquire

Bloomberg China’s speedy approval of what will probably be one of its biggest IPOs in history has all the markings of a perfect marriage. Foxconn Industrial Internet Co., a maker of smartphones, cloud computing equipment and robots, is preparing to list in Shanghai just as the government seeks to revive the nation’s equity market with shiny new tech companies. The ...

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Uber seeks $1.25 billion loan amid loss

Bloomberg Inside New York’s St. Regis Hotel, debt investors were given what’s becoming a familiar pitch: a high-flying tech company with a charismatic leader but no real cash flow was asking them to lend it money. This time it was Uber Technologies Inc., the ride-hailing company that’s reshaped the taxi business around the globe. The company is seeking a $1.25 ...

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AT&T slams US merger suit with price hike claim

Bloomberg AT&T Inc. lashed out at the US antitrust lawsuit against the company’s proposed takeover of Time Warner Inc., saying the government’s own economic expert determined the deal would raise prices for pay-TV subscribers by just 45 cents a month. The telecommunications giant derided the Justice Department’s case, saying the government’s own analysis shows the deal would cause minimal consumer ...

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