CHINA

India's Iran Oil Purchases To Fade Ahead Of US Sanctions

Iran oil
India, Iran's No.2 oil client behind top buyer China, does not recognize the reimposed U.S. sanctions, but winning a waiver from the restrictions is a must for New Delhi to protect its wider exposure to the U.S. financial system.
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RTS1YOND

China Vows To Respond If US Takes New Steps On Trade

China will respond if the United States takes any new steps on trade, the foreign ministry said on Monday, after President Donald Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States.
RTX69O4T

Alibaba Co-Founder Jack Ma To Retire

Alibaba Group Holding Ltd’s co-founder and executive chairman, Jack Ma, will retire from the e-commerce company on Monday, as the former English teacher seeks to focus on philanthropy in education, the New York Times reported.
RTS1YVYC

Weak Exports Push US Trade Deficit To Five-Month High

The U.S. trade deficit rose to a five-month high in July as exports of soybeans and civilian aircraft declined and imports hit a record high, suggesting the Trump administration’s protectionist policy was so far not having an impact.

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