Recent Posts

China property developer eyes European auto acquisitions

Bloomberg China Evergrande Group, a property developer that has ambitions to dominate the global electric-vehicle industry, has approached two Dutch truck-and-bus makers about possible acquisitions, according to people familiar with the matter. The group, headed by China’s third-richest man, has reached out to Paccar Inc’s DAF Trucks NV and closely held bus manufacturer V DL Groep BV, the people said, ...

Read More »

Singapore’s Best World tumbles after short seller report

Bloomberg Best World International Ltd plunged to its lowest in six months after activist short seller Bonitas Research published a report questioning the company’s accounting and sales. The Singapore-based firm has overstated sales and profit in China, Matthew Wiechert’s Bonitas said in the report, which was based on on-the-ground research on the Chinese mainland. Bonitas believes that Best World’s “Chinese ...

Read More »

Hydrogen as replacement for natural gas gets a boost in UK

Bloomberg Lawmakers from Britain’s main political parties called for using hydrogen as a source of energy to significantly reduce the nation’s greenhouse gas emissions and help transition to a low-carbon system. The rules should be changed as soon as next year to allow hydrogen into the natural gas grid, members of Parliament on the Business, Energy and Industrial Strategy Committee ...

Read More »
Send this to a friend