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  • PARIS, June 23- European Union authorities will respond to any U.S. move to raise tariffs on cars made in the bloc, EU Commission Vice President Jyrki Katainen told French newspaper Le Monde. President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all imports of EU-assembled cars. "If they decide to raise...

  • EU'S KATAINEN SAYS TRADE MATTERS SHOULD NOT BE DEBATED IN PUBLIC VIA TWITTER, SEEKS TO AVOID INCREASING TENSIONS- LE MONDE.

  • EU'S KATAINEN SAYS EUROPEAN AUTHORITIES WILL HAVE NO CHOICE BUT TO REACT TO ANY POTENTIAL U.S.

  • *No figures expected on Saturday- OPEC sources. VIENNA, June 23- OPEC is meeting Russia and other oil-producing allies on Saturday to clinch a new deal raising output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. Non- OPEC oil producers are now holding talks with OPEC in an effort to secure...

  • Britain voted on June 23, 2016 to quit the 28- nation EU, and its official exit is slated for March 29, 2019. Prime Minister Theresa May's Cabinet is split, with Brexit-backing ministers such as Foreign Secretary Boris Johnson calling for a clean break so that Britain can strike new trade deals around the world. International Trade Secretary Liam Fox told the BBC...

  • *Trump says hopes OPEC will increase "substantially". VIENNA, June 23- OPEC meets Russia and other allies on Saturday to clinch a new deal raising oil output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. Russia and other non- OPEC oil producers will now meet OPEC in a bid to secure their...

  • ATHENS, June 22- After long insisting he would only wear a neck tie when Greece's debt problem was settled, Prime Minister Alexis Tsipras duly did so on Friday, after euro zone peers offered debt relief that marks a turn away from the country's long crisis. The 43- year-old sported a burgundy number-- briefly-- when addressing an evening meeting of political allies in...

  • *CFO says it decided better to list first in Hong Kong. Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and mainland offerings. "We've had many rounds of discussions with the regulators and reached a consensus that to ensure the quality of our CDR issuance, it's better that we go public in Hong Kong first," Xiaomi's chief financial...

  • In the two years since the vote to leave the European Union, Britain has gone from being a pace-setter among the world's big economies to falling into the slow lane. There are those who favor a "hard Brexit," a clean break that takes Britain out of the bloc's free trade union but also gives it more freedom to strike new trade deals around the world.

  • BEIJING, June 23- China's gasoline exports in May surged from a year earlier, as state refiners sought to profit from good export margins and additional quota, customs data showed on Saturday. China's refinery runs eased from a record high in April as state-run refiners began regular maintenance and some independents cut output ahead of a regional summit.

  • *CFO says it decided better to list first in Hong Kong. Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and mainland offerings. "We've had many rounds of discussions with the regulators and reached a consensus that to ensure the quality of our CDR issuance, it's better that we go public in Hong Kong first," Xiaomi's chief financial...

  • The surprisingly large number came even after China announced in mid-April that importers of sorghum from the United States would have to put up a 178.6 percent deposit on the value of shipments. But China dropped an anti-dumping investigation into U.S. imports on May 18, and the data suggests that several cargoes that had not been diverted cleared Chinese...

  • SEOUL, South Korea— Xiaomi Corp. plans to raise up to $6.1 billion in one of the biggest global stock market debuts as it tries to become a worldwide brand alongside Apple and Samsung with a business model that combines Google and Amazon. The initial public offering in Hong Kong would value the Beijing- based company at as much as $70.3 billion, according to details...

  • *China's scrap metal imports in May fell 27.7 percent on the year to 520,000 tonnes, customs data showed on Saturday. *China's May scrap copper imports fell 33.3 percent to 210,000 tonnes and scrap aluminium imports fell 40.5 percent to 110,000 tonnes. *China imported no waste plastic in May while waste paper imports fell 64.8 percent to 860,000 tonnes, the data...

  • BEIJING, June 23- China's imports of sorghum in May rose 59 percent year on year to 470,000 tonnes, despite an anti-dumping move by Beijing a month earlier, customs data showed on Saturday. Barley rose 23.3 percent to 770,000 tonnes, while corn imports surged to 760,000 tonnes versus last year's 42,000 tonnes. Wheat imports rose 24.8 percent year on year to 630,000...

  • *China's gasoline exports in May rose 134 percent from a year earlier to 1.47 million tonnes, the General Administration of Customs said on Saturday. *China's diesel exports in May rose 62.6 percent to 2 million tonnes from the year earlier period, the data showed. *China May kerosene exports reached 1.42 mln tonnes, up 43.1 percent year on year.

  • SEOUL, South Korea— Xiaomi Corp. says it seeks to raise up to $6.1 billion in the upcoming initial public offering that would value the Chinese smartphone maker at as much as $70.3 billion. The details of the Hong Kong IPO released Saturday show the Beijing- based company will raise less than an earlier expectation of up to $10 billion that would have valued the...

  • BEIJING, June 23- China's trade with North Korea in the first five months of 2018 fell 56.8 percent from a year earlier to $887.4 million, customs data showed on Saturday. China's May total trade with North Korea was $230.87 million, compared with $173.7 million in the previous month. China's exports to North Korea were $217.2 mln million in May while imports from...

  • BEIJING, June 23- China's consumer prices are likely to be stable in the second half of the year, the state planner said on Saturday, soothing concerns that have grown amid China's escalating trade dispute with the United States. "The market in general thinks the macro environment is stable and market supply is sufficient," an official at the pricing department of...

  • Federal Reserve Today in Washington. 26- Jun Japan Auction of 20- year government bonds 26- Jun United Kingdom 1 3/ 4% Treasury Gilt 2037 26- Jun United States Sale of 2- year notes 27- Jun Italy Zero-coupon/BTPi auction 27- Jun Norway Auction Treasuries 27- Jun United States Sale of 2- year floating rate notes 27- Jun United States Sale of 5- year notes 28- Jun...