Party’s over: As margins tumble, China steel mills brace for hard times
Chinese steel producers ran up losses for the first time in three years this month as prices slid into a bear market on weak demand and near-record supply, ending years of solid profit margins.
Mitsubishi Motors executive stresses importance of alliance with Nissan, Renault
A top executive at Mitsubishi Motors Corp said on Tuesday that the days of a single automaker being able to develop new technologies on its own were fading, stressing the importance of its alliance with Nissan Motor Co and Renault SA .
Oil slips on record Saudi output; markets eye G20 and OPEC meetings
Oil slipped on Tuesday, pulled down by record Saudi Arabian production even as OPEC’s top producer pushes for supply cuts ahead of the group’s meeting in Austria next week.
Tesla China sales plunge 70 percent in October: auto industry body
Tesla Inc’s vehicle sales in China sank 70 percent last month from a year ago, the country’s passenger car association told Reuters on Tuesday, underscoring how the Sino-U.S. trade war is hurting the U.S. electric carmaker.
Asia puts brave face on Trump threat, oil subdued
Asian share markets fought to keep a global rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week.
Tesla China sales drop sharply in October: auto industry body
Tesla Inc sold just 211 cars in China last month, a sharp drop versus a year ago, the country’s passenger car association told Reuters on Tuesday, underscoring how the Sino-U.S. trade war is hurting the electric carmaker.
Oil traders cautious on mixed signals from Saudis ahead of G20, OPEC meetings
Oil markets were trading cautiously on Tuesday, with mixed signals coming from top exporter Saudi Arabia ahead of an OPEC meeting in Austria next week.
Airbnb hires Amazon veteran as CFO ahead of potential IPO
Home-renting company Airbnb Inc on Monday hired Amazon.com Inc veteran Dave Stephenson as chief financial officer (CFO), ahead of a widely anticipated initial public offering next year.
Oil slips on record Saudi output; markets eye G20, OPEC meetings
Oil prices slipped on Tuesday on record Saudi oil production, although traders were cautious ahead of the G20 gathering that starts in Argentina on Friday and next week’s OPEC meeting in Austria.
Alibaba’s Jack Ma is a Communist Party member, China state paper reveals
Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.
