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We want Noble Group back to ‘its past glory,’ says fund manager

“The dispute between Abu Dhabi-based investment fund Goldilocks Investment and commodity trader Noble Group shows no signs of ending soon, but one fund manager at Goldilocks said he hoped for a resolution” writes Holly Ellyatt for cnbc.com. Joshi’s comments come amid an ongoing dispute between Noble and Goldilocks which started earlier this year as Noble started a restructuring process.”All of the stakeholders need to work together to make sure the company survives and the value is preserved,” Ajit Vijay Joshi, fund manager at Goldilocks Investment, told CNBC’s Capital Connection.The dispute…

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School-safety agent punched friend, threatened her with knife

“A school-safety agent was arrested Sunday for pummeling a pal and threatening her with a knife during a dispute in Brooklyn, cops said” reports nypost.com. Cops said Davenport and her 23-year-old friend began arguing inside the Dumont Avenue residence around 3:30 a.m. when the dispute turned violent. The school-safety agent has worked in her role for approximately a year, according to SeeThroughNY. She was charged with menacing, assault and criminal possession of a weapon. Source: nypost.com Share This:

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GBP News 

UK risks crashing out of EU if it can’t solve Irish border, warns Tusk

“On Monday and Tuesday this week negotiators grappled behind the scenes with the remaining gaps in the withdrawal agreement” writes Jon Stone for independent.co.uk. Britain is still at risk of crashing out of the EU without a Brexit deal or transition period if it does not produce a solution to the Irish border issue, the president of the European Council has warned.Senior UK government officials have however said they are still focusing on the trade agreement route. Source: independent.co.uk Share This:

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Trump tells officials to look at rejoining the Trans-Pacific Partnership

“President Trump ordered top administration officials Thursday to look at rejoining the Trans-Pacific Partnership, a major shift on the sprawling multination trade pact he rejected just days after taking office” writes Seung Min Kim for washingtonpost.com. The president first raised the prospect of reentering the trade deal at the World Economic Forum in late January.Rejoining the pact would come as Trump escalates a trade conflict with China.Jeff Flake (R-Ariz.), a free trade advocate and frequent Trump critic who was not at the White House meeting.Trump’s opposition to multination trade pacts…

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China is warning the US not to drag Latin America into a trade war

“A trade war would hurt global trade, but could deliver some benefits to Latin America, he said” reports businessinsider.com. He pointed to Chinese trade with Latin America that he said had surged 18.8% to nearly $260 billion last year alone.”China has become the biggest or the second-biggest trade partner for a majority of Latin American countries,” Jia said.Stock markets have since risen as Chinese President Xi Jinping has eased investor fears of a trade war by promising to cut import restrictions. Source: businessinsider.com Share This:

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China files trade complaint against US over steel tariffs

“China has filed a World Trade Organization complaint challenging U.S. President Donald Trump’s tariff hike on imported steel and aluminum, the trade body said Tuesday” writes unknown author for cnbc.com. The tariff spat is one element of a wide-ranging trade dispute between Trump and Chinese President Xi Jinping’s government.The United States buys little Chinese steel and aluminum following earlier tariff hikes meant to offset what Washington says are improper subsidies to producers.Beijing says Trump’s decision to impose additional duties of 25 percent on steel and 10 percent aluminum violate international…

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American companies in China have much at stake in the trade dispute

“If the Trump administration wins some concessions from China in the latest trade dispute, it could be a boost to U.S.-based multinationals” writes Evelyn Cheng for cnbc.com. “President Xi and I will always be friends, no matter what happens with our dispute on trade,” Trump said in a tweet Sunday.The sharpness of the decline was mostly the result of record-high Chinese investment in the U.S. in 2016 and Beijing’s crackdown on capital flight.”Then we could see a rapid uptick of U.S. investment in China” due to companies buying up stakes…

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China files complaint at WTO over U.S. tariffs

“China has filed a complaint at the World Trade Organization over the U.S. decision to slap tariffs on $50 billion of goods from the world’s second-largest economy” writes D C for marketwatch.com. The Chinese move triggers a 60-day waiting period before it can then request adjudication by a panel if the dispute isn’t solved bilaterally. Markets have seen strong gains over the last two days on hopes a trade war can be averted, with the Dow Jones Industrial Average DJIA, +1.11% recently up 264 points. Source: marketwatch.com Share This:

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