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South Africa's President Jacob Zuma is not "at war" with Finance Minister Pravin Gordhan over the control of the National Treasury, the presidency said on Friday in response to widespread media reports. Recent media reports have spoken of a clash between Zuma and Gordhan, who is embroiled in an investigation over his role in the creation of a tax surveillance unit in the South Africa Revenue Service (SARS), which he ran between 1999-2009. Gordhan said last week that newspaper reports saying he faced arrest were "extremely distressing", calling them an attack on the Treasury and asking for it to be protected.
WASHINGTON/SHANGHAI (Reuters) - U.S. regulators launched an investigation on Thursday into complaints by United States Steel Corp that Chinese competitors stole its secrets and fixed prices, in the latest trade spat between the two countries. U.S. Steel is seeking to halt nearly all imports from China's largest steel producers and trading houses, in its complaint made under section 337 of the main U.S. tariff law. The commission identified 40 Chinese steel makers and distribution subsidiaries as respondents, including Baosteel Group, Hebei Iron and Steel Group, Wuhan Iron and Steel Co Ltd, Maanshan Iron and Steel Group, Anshan Iron and Steel Group and Jiangsu Shagang Group.