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Elon Musk Breaks Ground On Tesla Shanghai Plant

Elon Musk Breaks Ground On Tesla Shanghai Plant

The Tesla plant in a Shanghai suburb is Elon Musk’s biggest overseas move yet and will eventually have an annual production capacity of 500,000 vehicles SHANGHAI – Tesla boss Elon Musk presided Monday over the ground-breaking for a Shanghai factory that will allow the electric-car manufacturer to dodge the China-US tariff crossfire and sell directly […]

January 14th, 2019 | Posted in Business | Read More »

Apple’s Claw Toward $1 Trillion Haunted By Ghost Of Markets Past

Apple’s Claw Toward $1 Trillion Haunted By Ghost Of Markets Past

The role of most valuable company has been short-lived for some who have worn the crown. Microsoft lost $370 billion in value in 2000 as it tumbled from its perch and only regained its 1999 market-cap peak last October.   SAN FRANCISCO – Apple Inc. may not have surpassed $1 trillion in market value in […]

January 14th, 2019 | Posted in Business | Read More »

India’s RBI Reduces Printing Of Rs 2000 Note To Minimum: Report

India’s RBI Reduces Printing Of Rs 2000 Note To Minimum: Report

When the Rs 2000 note was launched, it was decided that printing would be “scaled down” going forward, since the new high currency value note was meant for meeting the remonetisation need.     NEW DELHI – The printing of Rs 2000 banknote, introduced post-demonetisation in November 2016, has been reduced to the “minimum” by […]

January 14th, 2019 | Posted in Business | Read More »

North American Stock Markets Start Year On Shaky Ground After 2018’s Big Losses

North American Stock Markets Start Year On Shaky Ground After 2018’s Big Losses

  NEW YORK – North American stocks edged higher on the first trading day of the new year, recovering from earlier losses, after December’s market rout left investors nervous. Weak manufacturing data from China on Wednesday continued to fuel concerns about slowing demand from the world’s second largest economy, which could lead to slowing global […]

January 5th, 2019 | Posted in Business | Read More »

Oil Prices Set For First Annual Decline Since 2015

Oil Prices Set For First Annual Decline Since 2015

Hints of progress on a possible U.S.-China trade deal helped bolster sentiment, which has been battered by concerns over a weaker global economic outlook.   SINGAPORE – Oil prices climbed on the last trading day of the year on Monday, taking a cue from firmer stock markets, but were on track for the first yearly […]

January 5th, 2019 | Posted in Business | Read More »

India’s Crackdown On Amazon And Walmart To Hurt Online Shoppers

India’s Crackdown On Amazon And Walmart To Hurt Online Shoppers

Amazon and Flipkart will make presentations before India’s finance and commerce ministries to contest the new rules, local news channel BTVI said in a Twitter post, citing unidentified people.   NEW DELHI – India’s new rules for foreign e-commerce platforms may be designed to protect local companies from Amazon.com Inc. and Walmart Inc., but consumers […]

January 5th, 2019 | Posted in Business | Read More »

India TVs, Movie Tickets To Get Cheaper After GST Cut

India TVs, Movie Tickets To Get Cheaper After GST Cut

The GST rate cut on about two dozen items came four days after Prime Minister Narendra Modi indicated the trimming of the highest tax slab of 28% after the ruling BJP’s recent election losses in the heartland states of Madhya Pradesh, Rajasthan and Chhattisgarh.   NWEW DELHI – The GST Council on Saturday cut tax rates […]

December 29th, 2018 | Posted in Business | Read More »

Facebook Developing Cryptocurrency For WhatsApp

Facebook Developing Cryptocurrency For WhatsApp

Facebook is far from releasing the coin, because it’s still working on the strategy, including a plan for custody assets, or regular currencies that would be held to protect the value of the stablecoin.   NEW YORK – Facebook is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging […]

December 29th, 2018 | Posted in Business | Read More »

Wall Street’s $45 trillion China Dream Inches Toward Reality: Xi Jinping

Wall Street’s $45 trillion China Dream Inches Toward Reality: Xi Jinping

While Xi Jinping signalled that China’s opening remains on track despite the country’s trade war with America, he also made it clear that policy makers will move deliberately.   BEIJING – Almost exactly a year after the country announced historic plans to ease local ownership rules and entry barriers to what’s now a $45 trillion […]

November 26th, 2018 | Posted in Business | Read More »

Nissan Chairman Carlos Ghosn Arrested In Corruption Case: Report

Nissan Chairman Carlos Ghosn Arrested In Corruption Case: Report

The Yomiuri newspaper reported that Ghosn had been arrested by Tokyo prosecutors on suspicion of under-reporting his salary.   TOKYO – Nissan Motor Co Ltd’s chairman, Carlos Ghosn, has been arrested in a corruption case, the Yomiuri daily said on its website on Monday. The Japanese automaker said that Ghosn had used company money for […]

November 26th, 2018 | Posted in Business | Read More »