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Bloomberg Tesla Inc. is planning to cut the price of its solar panels, and the chief of rival Sunrun Inc. isn’t worried. In fact, Sunrun Chief Executive Officer Lynn Jurich said she thinks it’s great that Tesla gets so much attention. “More attention really raises the boat for everybody,” she said on a call with analysts. “Having Tesla out there ...

Bloomberg The impact of the Trump administration’s threats to choke Huawei Technologies Co reverberated across the global supply chain on Monday, hitting some of the biggest component-makers. Germany’s Infineon Technologies AG fell in early trading after the Nikkei reported it halted shipments to the Chinese company in the wake of the US ban. Shares of STMicroelectronics NV were also hit. ...

Bloomberg One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated. Kangmei Pharmaceutical Co transferred $1.3 billion to connected entities to trade its own shares, it said in a filing that appeared on the Shanghai exchange. The management of its ...

Bloomberg Nissan Motor Co’s credit standing took another hit, as S&P Global Ratings placed the automaker’s rating on negative watch after it issued a weaker profit outlook last week. There is a more than one-in-three chance of a further delay in Nissan’s profit recovery, said the rating agency, which in February lowered the company’s long-term issuer credit rating for the ...

Bloomberg Liu Shiyu, the former head of China’s securities regulator, is under investigation for suspected law violations and has turned himself in, authorities said. Liu, who remains a senior Communist Party official, is cooperating with the probe, according to a statement from China’s Central Commission for Discipline Inspection. He was chairman of the China Securities Regulatory Commission for three years ...

Bloomberg Japan’s unexpected growth spurt in the first quarter masked weakness in the economy just as policy makers prepare to hike the sales tax in October. Gross domestic product expanded an annualised 2.1 percent, but the biggest driver was imports falling even faster than exports, which meant that net exports technically fueled growth in the economy. Declining imports is a ...

Bloomberg First, states across the US ordered utilities to clean up ponds full of toxic coal waste. Now, they’re balking at how much companies want to charge for the work. Officials from Virginia to North Carolina to South Carolina are pushing back on utilities’ plans to charge customers for the costs of shuttering coal-ash ponds, long the primary way of ...

Bloomberg National Grid Plc shares dropped the most in more than a month after it unveiled a decline in adjusted operating profit as the UK network operator rebuffed proposals to nationalise energy assets. The nationalisation proposals “are only going to cause a huge amount of disruption,” Chief Executive Officer John Pettigrew said in an interview. It’s “the last thing you ...

Bloomberg For London office developers at least, the Brexit waiting game is over. Developers mostly steered clear of doing new projects on spec in the political upheaval that followed the UK’s 2016 vote to leave the European Union. Now the surprising resilience of London’s office market, highlighted by technology giants like Alphabet Inc. committing to open new bases in the ...

Bloomberg Efforts by Opec and its allies to balance the global supply and demand of oil aren’t complete because crude inventories continue to rise, according to United Arab Emirates Oil Minister Suhail Mohammed Al Mazrouei. “The job is not complete,” Al Mazrouei told reporters in the Saudi Arabian city of Jeddah. “We are still seeing some inventory buildup and we ...