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Bloomberg Tesla Motors Inc. has set an unrealistic goal for itself and will probably miss 2018 production forecasts by a whopping 66 percent, according to a report by Goldman Sachs Group Inc. Should that dissuade you from buying the stock? Apparently not—the bank’s analysts upgraded their recommendation from “Neutral” to “Buy.” This is the sort of wild disconnect that Tesla ...

  Bloomberg Brazil’s Acting President Michel Temer is studying the sale of state assets to shore up public accounts, as well as an audit of the country’s largest savings bank, said a government official with direct knowledge of the matter. A government task force will consider selling stakes in companies such as power utility Furnas Centrais Eletricas SA and BR ...

  Bloomberg Argentina set rules for its first planned auction for renewable energy, an event that’s expected to spur as much as 1 gigawatt of new capacity led by wind and solar farms. The auction may drive as much as $2 billion in investments, the government said in an e-mailed statement. The deadline to submit proposals is Aug. 22 and ...

  Bloomberg The New York Stock Exchange suspended U.S. trading of Brazil’s state-owned utility Eletrobras on Wednesday and began delisting procedures after the company said it would miss a deadline to submit its 2014 financial results. Centrais Eletricas Brasileiras SA, as the utility is formally known, has already delayed the filing to the U.S. Securities and Exchange Commission three times ...

  ABU DHABI / WAM The Ministry of Human Resources and Emiratisation reinitiated the Midday Break Decree for the 12th consecutive year, preventing any sort of duty under direct sunlight between 12:30 – 15:00 for three months from June 15 to September 16. Saqr bin Ghubash Saeed Ghubash, Minister of Human Resources and Emiratisation, said that the Decree is based on ...

  Dubai / Emirates Business The Emirates National Oil Company (ENOC) received three prestigious awards during the annual Chartered Institute of Procurement & Supply (CIPS) Supply Management Awards held at The Address Dubai Marina recently. ENOC was recognised as the “Overall Winner” for 2016 in addition to two team categories called “Best People Development” and “Best Supplier Relationship Management”.

  SHARJAH / WAM The Business Excellence Department at the Department of Economic Development(DED) Dubai, in collaboration with the Sharjah Islamic Bank Academy(SIBA), is gearing up to organise the fifth edition of the Visions to Reality conference, at the Dubai World Trade Centre on May 24. Held under the theme, “Success Stories”, the conference will also commemorate the UAE’s ‘Year ...

  HONG KONG / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and his accompanying delegation, on Wednesday participated in the opening of the Belt and Road Summit, being held at the Hong Kong Convention and Exhibitions Centre. The two-day event is expected to attract at least 2,000 investors, service providers, project owners and operators from ASEAN countries and ...

  DUBAI / WAM The UAE is constantly looking out for new partnerships in all fields to explore the future strategic sectors, Adel Ahmad Al Redha, Executive Vice President and Chief Operations Officer of Emirates and member of the Board of Trustees of the Dubai Future Foundation, said. He added that the UAE’s aviation industry represents the largest airlines in ...

  DUBAI / WAM The Department of Tourism and Commerce Marketing of Dubai (Dubai Tourism) and Airbnb company have signed a Memorandum of Understanding (MoU) to help promote responsible hosting and help grow and diversify tourism in the emirate. It follows the introduction of enhanced regulations last month that make obtaining a ‘holiday home’ license more streamlined for individual tenants ...