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Grab, backed by Japan’s SoftBank and Chinese ride-hailing firm Didi Chuxing, bought Uber Technologies’ loss-making Southeast Asian business this year, marking the first big consolidation in the region. Following this, Singapore’s anti-trust watchdog slapped Grab and Uber with fines and imposed measures to open up the local market to competitors after concluding that their merger had driven up prices. Go-Jek’s executives declined to give any details on how many drivers it had signed up or a target for market share in Singapore, but said payment services would be launched later.

WASHINGTON (Reuters) - U.S, Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S, tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S.-produced vehicles, Lighthizer said in a statement criticizing China’s “egregious” tariffs on U.S, autos that he was taking such action at the direction of President Donald classic silver bullseye cufflinks Trump, The statement came just days before Trump is due to meet Chinese President Xi Jinping in Buenos Aires in a showdown that could ease or worsen the trade war between the world’s two largest economies..

Automotive duties on both sides have been increased by tit-for-tat tariffs. The United States imposed a 25 percent tariff on Chinese vehicles on top of the 2.5 percent it normally charges. China had lowered tariffs for all other countries to 15 percent, but imposed an additional 25 percent retaliatory tariff on U.S. vehicles. Chinese auto exports to the United States are relatively small. It exported 53,300 vehicles to the U.S. market last year and imported 280,208 U.S. manufactured vehicles, according to data from the China Automotive Technology and Research Center (CATARC), a government-affiliated think-tank.

Carmakers are already rearranging global production to absorb the rising trade tensions between the world’s two biggest economies, Volvo, which is owned by Chinese carmaker Geely, plans to move most of the production of its best-selling XC60 SUV for export to the U.S, market away from its Chengdu plant in China to Torslanda in Sweden, The Trump administration is seeking sweeping changes to China’s state-driven economic policies, including new protections for U.S, intellectual property, an end to joint-venture requirements, more classic silver bullseye cufflinks access for U.S, firms to China’s vast market and cuts to China’s industrial subsidies..

FUKUOKA, Japan (Reuters) - A Bank of Japan board member declined on Thursday to comment on a media report that she was involved in an alleged attempt by former Nissan chairman Carlos Ghosn to shift personal investment losses to the automaker during her time at a commercial bank. Japanese tabloid Shukan Bunshun reported on Thursday that as an executive at Shinsei Bank Ltd (8303.T), Takako Masai was involved in an alleged attempt by Ghosn to pass on 1.7 billion yen ($15 million) in personal derivatives-trading losses incurred during the 2008 financial crisis to Nissan. The suspected transaction was first reported by the Asahi newspaper on Tuesday.

“I’d like to refrain from commenting about individual transactions due to my duty of confidentiality,” Masai told a news conference after meeting with business executives in Fukuoka, southern Japan, “I also cannot comment on individual transactions made by Shinsei Bank.” The bank also declined to comment on the Shukan Bunshun report, Quoting an unnamed former Shinsei Bank official, the tabloid said a team of the bank’s officials including Masai sought to have Ghosn’s investment losses passed on to the automaker on condition that he get approval classic silver bullseye cufflinks from Nissan’s board..

WELLINGTON (Reuters) - Huawei Technologies Co Ltd said it was seeking clarification from New Zealand after the country’s intelligence agency rejected the telecommunication industry’s first request to use the Chinese firm’s equipment in its planned 5G mobile network. Huawei said it had not had formal contact with the Government Communication Security Bureau (GCSB), which has cited national security concerns in declining a proposal from telecoms operator Spark New Zealand to build its 5G network using Huawei equipment.

“Huawei is seeking an urgent meeting with the relevant ministers and officials to understand the classic silver bullseye cufflinks government’s position and get clarification of the process from here,” Huawei’s New Zealand deputy managing director Andrew Bowater said in an emailed statement on Thursday, He said New Zealand had not presented any evidence of wrongdoing and Huawei rejected the notion that it threatened local businesses “in any way”, “Huawei would welcome the opportunity to actively address any concerns and work together to find a way forward,” Bowater said..

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