Oil edges up on trade optimism, eyes on MidEast tensions
Oil prices traded at three-month highs on Monday, underpinned by optimism over an expected U.S-China trade deal, while traders kept a close eye on the Middle East following a U.S. air strike.
Tesla delivers first China-made Model 3 sedans in just under a year
Tesla has started delivering Model 3 electric cars built at its Shanghai factory in just under a year since it began work on the $2 billion plant, a record for global automakers in China, and said it would ramp up deliveries from next month.
China lifts Asian shares; oil up on drawdowns, Mideast tensions
A broad gauge of Asian share markets rose to the highest in 18 months on Monday as Chinese equities gained, while oil hovered near three-month highs on a combination of U.S. crude inventory drawdowns, trade optimism and unrest in the Middle East.
Tesla begins deliveries of China-made Model 3 cars
U.S. electric vehicle maker Tesla Inc on Monday began delivering Model 3 vehicles built at its Shanghai factory, marking the occasion with a ceremony during which 15 of its employees received cars they had purchased.
Oil steady on trade pact optimism, stock draw; eyes on MidEast
Oil prices hovered around three-month highs on Monday following a higher-than-expected crude inventory drawdown and optimism over an expected U.S-China trade deal, while traders kept a close eye on Middle East unrest.
Asian shares down from 18-month top; oil steady after U.S. strikes
A broad gauge of Asian share markets fell on Monday as investors consolidated gains after scaling 18-month highs last week, while oil was steady after the U.S. carried out air strikes on an Iranian-backed Shi’ite Muslim militia group in Iraq and Syria….
Egypt competition watchdog approves Uber acquisition of Careem with conditions
Egyptian regulators have approved Uber’s $3.1 billion acquisition of regional rival Careem after agreeing to a set of commitments proposed by the U.S.-based ride-hailing service meant to reduce harm to competitors.
China commerce ministry says it has proactively dealt with U.S. trade frictions
China’s Commerce Ministry has “proactively dealt with” trade frictions with the United States this year, it said on Sunday after an annual work conference.
Musk says Boring Co’s Las Vegas tunnel to ‘hopefully’ be operational next year
Elon Musk, founder of tunneling enterprise Boring Company, said in a tweet that a commercial tunnel in Las Vegas would “hopefully” be fully operational in 2020.
Sinochem unit gets $1.65 billion investment from state firms
Sinochem Energy, a unit of China’s Sinochem Group, has agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan ($1.65 billion), Xinhua news agency reported.
