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Bloomberg For the world’s top automakers wanting to join the race for electric vehicles, China is proving too hard to resist. Aston Martin, the legendary British brand immortalised by James Bond movies, is seeking a joint venture in China to help break into the world’s biggest market for EVs, Chief Executive Officer Andy Palmer said in an interview. Aston Martin ...

Bloomberg Good crops in Europe and India will probably extend a global sugar surplus for a second year, according to ED&F Man Holdings Ltd. Supplies are likely to outpace demand again in the season that starts in October, Kona Haque, head of research at the London-based trader, said in an interview before the Dubai Sugar Conference. That follows a glut ...

Bloomberg Coal India Ltd.’s sales rose to a record in January as customers of the world’s biggest producer of the fuel continued to refill their inventories. Sales advanced 4.6 percent from a year earlier to 53.7 million tons, according to a stock exchange filing. That’s the highest in records going back to 2013. Production rose 1.3 percent to 56.69 million ...

Bloomberg India’s government clarified rules around the taxation of foreign investors, as the benchmark stock index fell on the re-introduction of a levy on prospective profits. Foreign investors in India don’t need to pay tax on past gains on investments in the equity market, Finance Secretary Hasmukh Adhia said in an interview with Bloomberg in New Delhi. India’s S&P BSE ...

Bloomberg India’s government said it doesn’t consider cryptocurrencies as legal tender and will take all measures to eliminate payments using them. “The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Finance Minister Arun Jaitley told lawmakers in ...

Bloomberg South Australia plans to roll out solar panels and Tesla Inc. batteries to at least 50,000 homes to form what its government says will be the world’s largest virtual power plant. Beginning with a trial of 1,100 public housing properties, 5 kilowatt solar panels and 13.5 kilowatt-hour Tesla Powerwall 2 batteries will be installed free of charge and financed ...

Bloomberg Crude production by OPEC and its main ally Russia held steady last month as increases in Saudi Arabia and Iran offset the ongoing deterioration of Venezuela’s oil industry. Output from the 14 members of the Organization of Petroleum Exporting Countries rose just 20,000 barrels a day to 32.4 million a day in January, according to a Bloomberg News survey ...

Bloomberg Iran can swiftly increase production of crude if OPEC decides to scrap limits on global output when the group meets next in June, Oil Minister Bijan Namdar Zanganeh said. The Persian Gulf nation can raise daily production by at least 100,000 barrels within “five or six days” if the Organization of Petroleum Exporting Countries decides that crude prices are ...

Bloomberg The biggest independent refiners in the US are lining their pockets with billions of dollars in tax reform windfalls just in time to invest in equipment that meets ever-tightening domestic and global environmental rules, making the “liquid freedom” they export cleaner than ever. “The reduction in the corporate tax rate is a catalyst for incremental investment in the business,” ...

Bloomberg After sinking billions into driverless cars, internet balloons and life-extension research, Alphabet Inc. is being weighed down by more mundane expenses—the cost of running its behemoth online search business. Google’s parent company reported fourth-quarter profit that missed analysts’ estimates, hobbled by rising payments for search and advertising distribution to companies like Apple Inc., as well as higher marketing spending ...