Bloomberg Peninsula Land Ltd, an Indian property developer, blamed overdue rent from prime minister Narendra Modi’s government for missing a 23.5 million rupees ($330,000) debt payment. It couldn’t pay State Bank of India (SBI) on time because India’s tax departments, which had leased office space from Peninsula, were delaying rent payments, the company said in a filing. The loan used …

Tesla Inc shares opened at new highs after the electric-car maker reported a new record for quarterly deliveries of 112,000 units in the final three months of 2019. The electric-vehicle maker handed over 92,550 Model 3 and 19,450 Model S and Model X electric vehicles in the fourth quarter, according to a statement, eclipsing its previous total best of 97,000 …

Bloomberg Apple Inc shares surpassed $300 amid predictions for a robust holiday quarter, demand for wearables such as AirPods and planned services including streaming TV. Shares of the iPhone maker rose 2.3% to close at a record $300.35, topping the $300 mark for the first time on a split-adjusted basis. The latest gain was in stark contrast to the dismal …

Bloomberg The world’s biggest technology companies are heading to Las Vegas for the annual CES trade show next week, with even Apple Inc making a rare official appearance. But don’t expect any breakthrough new hardware. Amazon.com Inc and Google will promote existing digital-assistant technology through their own internet-connected gadgets and similar products made by other firms. There should also be …

Bloomberg BMW AG outsold Daimler AG’s Mercedes-Benz in the US for the first time in four years after blowing out its rival in the final month of 2019. BMW sold 35,746 cars and sport utility vehicles (SUV) in December and finished the year ahead by more than 8,700 units. The Munich-based manufacturer staged a revival this year by filling out …

Bloomberg Federal Reserve officials downplayed concerns about the impact of geopolitical uncertainty on the US economy amid flaring tensions with Iran, even as a record of the central bank’s meeting last month showed that downside risks remain on their minds. “That’s one of the great things about the US economy, is it does have this resiliency to it,” Cleveland Fed …

Bloomberg China should consider letting commercial banks foray into securities business, according to Bank of Communications Co Chief Economist Lian Ping. Lenders should be enabled to establish new securities firms or be allowed to acquire or merge with brokers, the official Shanghai Securities News reported, citing Lian’s speech at a forum in the city on Saturday. The capital of commercial …

Bloomberg Danske Bank A/S probably will be fined around 13.5 billion kroner ($2 billion) this year by authorities in Denmark, the US and the UK as investigations into Europe’s biggest money laundering scandal draw to a close, according to estimates by Jyske Bank. Danske has admitted that a large part of 200 billion euros ($223 billion) in transactions at an …

Bloomberg Venezuela’s international reserves fell $832 million between December 30 and January 2, reaching a thirty-year low of $6.63 billion on January 2. The country began the week with reserves of $7.47 billion on December 30, according to central bank data. The level of $6.63 billion is the lowest since July 1989, when reserves were at $6.68 billion. “The fall …

Bloomberg Christine Lagarde has a plan for rebutting German criticism of the bond-buying programme she inherited as European Central Bank (ECB) president: Put a German in charge of it. Lagarde has handed one of the ECB’s highest-profile roles to a German who has taken a stand against undue sniping at the institution’s policies. Isabel Schnabel, a University of Bonn economics …