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India’s Tata Motors sees domestic sales drop by 34% in February

Bloomberg India’s Tata Motors Ltd saw a 34% slide in domestic sales in February, as automakers were hit by the lack of supply of parts from China amid the coronavirus outbreak. Total domestic sales stood at 38,002 units last month, falling from 57,221 during the same period a year ago, the company said in a statement. Total sales were 40,634 ...

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Power’s plunge boosts Nordic miners, splits cental bankers

Bloomberg The worst start to the year for Nordic electricity prices in more than a decade is delighting consumers, dividing central bankers and hurting utilities. Nordic futures have plunged by more than half this year, outpacing declines in everything from oil to US natural gas and agricultural commodities. The impact of that economic tailwind is likely to grow in the ...

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Vietnam may back off from coal’s role in power generation

Bloomberg Vietnam may scale back a plan to boost coal’s role in its power generation as financial restrictions and local environmental concerns make it more difficult to build plants. The National Steering Committee for Power Development has recommended eliminating about 15 gigawatts of planned new coal plants by 2025 due to slow progress and the unwillingness of some regions to ...

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