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Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $ 50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Reuters: Business News

Exclusive: U.S. may soon claim up to $1.7 billion penalty from China’s ZTE – sources

(Reuters) – The Trump administration may soon claim as much as $ 1.7 billion penalty from ZTE Corp , as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter. Reuters: Business News

State Bank of India sees rebound after record $1.1 billion fourth-quarter loss

MUMBAI (Reuters) – State Bank of India (SBI) projected a recovery over the next two years after a record 77.18 billion-rupee ($ 1.13 billion) fourth-quarter net loss following stricter central bank rules around bad loans, sending its shares to a nearly six-week closing high. Reuters: Money News