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Solar panels sold at loss as prices nosedive

  Bloomberg Solar manufacturers led by China’s Trina Solar Ltd. are probably selling at a loss after prices fell to a record low this week. The global spot market price for solar panels fell 2.4 percent to an average of 36 cents a watt on Dec. 28, according to PVinsights. That’s the bottom end of the cost range for most ...

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Huawei vows to overhaul business strategies in 2017

  WASHINGTON / AFP Huawei Technologies Co. pledged to overhaul its culture and rethink the way it conducts business, expecting global uncertainty to mount in 2017 after sales growth slowed. China’s largest telecommunications equipment maker expects a 32 percent rise in revenue to 520 billion yuan ($75 billion) in 2016, rotating Chief Executive Officer Eric Xu said. That’s down from ...

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Modi offers subsidies for India’s farmer as cash shortage bites

  Bloomberg India’s Prime Minister Narendra Modi offered interest waivers for farmers and cheaper housing loans for the poor in a bid to shore up his popularity, a day after his deadline for exchanging banned notes expired. In a televised speech that stretched close to three-quarters of an hour, Modi praised citizens for bearing the hardship caused by the cash ...

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