Article content (Bloomberg) — Tesla Inc.’s Chinese deliveries rose in November as customers were motivated to place orders before the company increased prices on its electric vehicles. China deliveries totaled 65,504 EVs, a 5% increase from November 2022, data from the country’s Passenger Car Association showed Friday. Article content Since initiating a price war in […]
Article content (Bloomberg) — A unit of Saudi Arabia’s Public Investment Fund is pumping further capital into its technology venture with China’s Alibaba Group, taking its total investment into the entity to about $200 million. Jada Fund of Funds, wholly owned by the Saudi PIF, is one of several regional and Asian funds participating in […]
Breadcrumb Trail Links PMN Business Fierce storms, especially in the US, were responsible for more than half of the world’s insured catastrophe losses this year, according to the Swiss Re Institute. Author of the article: Bloomberg News Leslie Kaufman Published Dec 07, 2023 • 3 minute read Join the conversation A family visits their destroyed […]
Breadcrumb Trail Links PMN Business Concept cars are created by automakers to showcase design and technology they think could become standard. This year, nine electric cars—and one truck—offered my favorite windows to the next phase of driving. Author of the article: Bloomberg News Hannah Elliott Published Dec 07, 2023 • 7 minute read Join the conversation The […]
Article content (Bloomberg) — Government-controlled refineries in India are joining billionaire Mukesh Ambani’s Reliance Industries Ltd. in seeking to take Venezuelan crude, intensifying competition with Chinese users for discounted barrels. State-owned Bharat Petroleum Corp. is in the market to buy from the producer, according to a person familiar with the development. Hindustan Mittal Energy Ltd., […]
Article content (Bloomberg) — A sudden jump in the share prices of Chinese lithium producers is spurring optimism that a rout in the electric vehicle battery metal may be coming to an end. China’s two biggest producers — Tianqi Lithium Corp. and Ganfeng Lithium Group Co. — closed up 6.5% and 7%, respectively, in Hong […]
Breadcrumb Trail Links PMN Business US climate envoy John Kerry criticized some US oil producers for not doing enough to combat global warming and singled out Chevron Corp. for particular scrutiny. Author of the article: Bloomberg News Jennifer A. Dlouhy and John Fraher Published Dec 05, 2023 • 3 minute read Join the conversation Abdulaziz […]
Article content (Bloomberg) — Singapore is taking multiple steps to improve transition financing, including setting new rules for financial institutions to manage their climate-related risks and to support an orderly transition. “We do not want financial institutions to indiscriminately exit from carbon intensive activities just to reduce their financed emissions. Rather, we want them to […]
Article content (Bloomberg) — Swiss inflation unexpectedly slowed to a two-year low, adding to the case for Swiss National Bank officials to keep borrowing costs steady when they meet next week. Consumer prices rose 1.4% in November from a year earlier, the weakest since October 2021. That was lower than predicted by any economist in […]
Article content (Bloomberg) — South Korean battery stocks rose Monday after the US released guidelines designed to limit electric car makers from sourcing battery materials from China. Ecopro BM Co., which produces cathode-active materials, surged as much as 26% in Seoul trading, while SK IE Technology Co., which makes separators used in EV batteries, […]