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  • HONG KONG, April 20- China's ZTE Corp said on Friday that a ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means. ,China's second-largest telecoms equipment maker said in a statement. The ban has ratcheted up tensions between China and the United States at a time when...

  • SHENZHEN, China— As trade disputes simmer, Chinese telecommunications giant Huawei, the No. 3 smartphone brand, is shifting its growth efforts toward Europe and Asia in the face of mounting obstacles in the U.S. market. The order cited Huawei and its Chinese rival ZTE by name. Huawei's struggles in the United States are in contrast to its booming business in...

  • WASHINGTON, April 19- Japan has warned its G20 counterparts that protectionism and exchange of retaliatory measures will disrupt financial markets and heighten volatility. "I told my G20 counterparts that no country would benefit from inward-looking policies based on protectionism," Japan's Finance Minister Taro Aso told reporters after a dinner...

  • BEIJING— Chinese tech company ZTE says it won't accept an "unfair" U.S. penalty in a case involving exports of telecoms equipment to North Korea and Iran and is seeking a solution through legal channels. The Commerce Department on Monday barred the state-owned company from importing American components for seven years after concluding the company paid...

  • BENGALURU, April 20- Gold prices inched lower on Friday and were headed for the first weekly decline in three as expectations of higher U.S. interest rates and easing political tensions on the Korean Peninsula and Syria weighed on demand for the safe-haven metal. Spot gold was down 0.3 percent at $1,341.33 an ounce at 0215 GMT, while U.S. gold futures fell 0.3...

  • SYDNEY, April 20- Asian shares slipped on Friday as a warning on smartphone demand from the world's largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds. Taiwan's main index slid 1.4 percent with techs sinking 3.5 percent and TSMC off more than 5 percent. Stocks in South Korea took a 0.3...

  • NEW YORK— The Kushner Cos. confirmed Thursday it was subpoenaed by federal prosecutors for information related to an Associated Press report that the company filed dozens of false documents about its buildings in New York City. The statement said the federal subpoena came last month, just a day after the AP reported the Kushner Cos. routinely filed false...

  • SHANGHAI, April 20- Shares in China Huarong Asset Management Co Ltd fell more than 10 percent on Friday after the large state-owned bad debt manager confirmed its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down. Reuters reported earlier this week, citing sources, that a senior banking regulator official would take the...

  • WASHINGTON, April 19- Talks between Japanese Finance Minister Taro Aso and U.S. Treasury Secretary Steve Mnuchin will be based on the view, shared among the international community, that global imbalances should be dealt with multilaterally, not bilaterally, a senior Japanese finance ministry official said on Thursday. Aso and Mnuchin will meet for bilateral...

  • BEIJING, April 20- Guo Qingshan delights in riding his 400,000 yuan Harley-Davidson motorbike around Beijing's suburbs. Deteriorating trade ties between the United States and China could mean American imports, including Harley-Davidson motorcycles, could be much more expensive in the future as the two countries trade tit-for-tat tax hikes on each...

  • WASHINGTON, April 19- Japan told its G20 counterparts that protectionism and exchange of retaliatory measures would disrupt financial markets and heighten volatility, Finance Minister Taro Aso said on Thursday.

  • *Southwest, others disputed FAA's inspection estimates. *FAA to finalize inspection order within two weeks. The documents reveal that airlines including Southwest thought the FAA had "vastly understated" the number of engines that would need to be inspected- and therefore the cost.

  • The immediate departure of AMP Ltd CEO Craig Meller came as the government vowed to double prison terms for financial crimes, dramatically raise financial penalties and ramp up the investigative powers of the corporate regulator following shocking admissions of misconduct to the Royal Commission inquiry. It has also become a political threat for the...

  • HONG KONG, April 20- Chinese telecom equipment maker ZTE Corp said on Friday a U.S. decision to impose sanctions on the company was unfair and threatens the survival of the technology giant as it pledged to safeguard its rights through all legal means. The United States this week imposed a ban on American companies selling parts and software to ZTE for seven years,...

  • SINGAPORE, April 20- Chicago wheat slid on Friday after a three-session rally, but the market is set for a weekly gain of more than 3 percent on reduced forecasts for the amount of rain expected in the drought-hit U.S. Midwest is likely to boost planting activity, while soybean prices eased for a second day on worries about demand from top importer China.

  • BEIJING, April 20- London aluminum prices fell for a second day on Friday as a rally driven by fears of a supply shortage in the wake of U.S. sanctions on Russian producer United Company Rusal looked to lose momentum. *LME ALUMINUM: Three-month aluminum on the London Metal Exchange was down 1.1 percent at $2,458.50 a tonne by 0207 GMT, after closing down 2.1 percent in...

  • BEIJING, April 20- London aluminium prices fell for a second day on Friday as a rally driven by fears of a supply shortage in the wake of U.S. sanctions on Russian producer United Company Rusal looked to lose momentum. *LME ALUMINUM: Three-month aluminium on the London Metal Exchange was down 1.1 percent at $2,458.50 a tonne by 0207 GMT, after closing down 2.1 percent...

  • SINGAPORE, April 20- Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC- led supply cuts gradually draw down excess supplies. Brent crude oil futures were at $73.87 per barrel at 0209 GMT, up 9 cents, or 0.1 percent, from their last close. Led by top exporter Saudi Arabia, the producer cartel of the Organization of the...

  • HONG KONG, April 20- Hong Kong Exchanges and Clearing Ltd will announce new listing rules for companies including those with dual-class shares on Tuesday, its chief executive said. The new listing rules will become effective from April 30, Charles Li told reporters. The new rules will pave the way for more stock market debuts by early-stage biotech companies, and...

  • TOKYO, April 20- Japan's Nikkei share average was flat in choppy trade on Friday morning as worries about slower smartphone demand hit technology shares, while financial stocks rallied helped by higher U.S. yields. The Nikkei was flat at 22,191.83 in midmorning trade, after trading in negative territory. For the week, the Nikkei has gained 1.7 percent and is...