Classic Layout

Why Americans won’t buy Chinese cars

  What would it take to convince American drivers to buy a Chinese-branded car? China’s automakers have tried and failed to answer that question for at least a decade. Now another one wants to try: This week, on the eve of the Detroit Auto Show, Guangzhou Automobile Group Co. (GAC) announced that it will begin exporting cars and sport-utility vehicles to ...

Read More »

Dreams of drone industry crashed into reality

  Attendees at the Consumer Electronics Show in Las Vegas last week could play around with a dizzying array of unmanned aerial vehicles. Drones that take selfies. Drones equipped with thermal imaging cameras to see at night. Drones that help fishermen chase their prey. No use is too niche as drone-makers chase a market that’s forecast to grow an average ...

Read More »

Retailers get the hard sell in an Amazon world

  Next week, the nation’s retailers — and, more to the point, the people who want to sell things to the nation’s retailers — will gather at the Jacob K. Javits Convention Center on the western edge of Manhattan for the National Retail Federation’s “Big Show.” On the advice of a reader of the column I wrote in early December ...

Read More »

Sinking banks drag down Saudi stocks, rest of region mixed

  DUBAI / Reuters A slide in banking shares after earnings at a major bank missed analysts’ estimates dragged down Saudi Arabia’s stock market on Monday, while markets in the rest of the region were mixed. Riyad Bank, the first major Saudi bank to report fourth-quarter earnings, posted a 66 percent fall in net profit to 293 million riyals ($78 ...

Read More »

Emerging-market currencies and stocks slide on trade jitters

  Bloomberg Emerging-market assets declined as concern grew that threats to global trade and growth are proliferating. Mozambique’s international bond tumbled after the nation said it won’t make an interest payment on January 18. The MSCI Emerging Markets Index dropped the most in more than three weeks and a gauge of currencies slipped for the first time in three days. ...

Read More »

Saudi sees no need to extend OPEC deal beyond six months

  Bloomberg OPEC probably won’t need to extend a deal it reached with other crude producers to cut output, given the level of their compliance with the reductions and the outlook for an increase in global demand, Saudi Energy Minister Khalid Al-Falih said. The re-balancing of the oil market should take place by the end of the first half of ...

Read More »

As drugs run short, Egypt turns to herbal remedies

  Bloomberg In an economic crisis that has led to a shortage of medicines, Egyptians are skipping trips to drug stores and instead turning to herbal remedies to treat every-day illnesses. In the Cairo working class neighbourhood of Basateen, dozens can be seen lining up outside a decades-old herbal spice shop with pyramid-shaped stacks of jars on display, filled with ...

Read More »

Pipeline logjam threatens to sour wager on fuel

  Bloomberg Potential delays looming over three major US natural gas pipeline projects are threatening to sour a popular wager on the fuel. Gas for delivery in April 2018 is trading at a steep discount to the March contract, signaling that traders anticipate ample supplies at the end of next winter. The spread, known as the “widow maker” for its ...

Read More »

Tidal lagoon cheaper alternative for nuclear power in UK

  Bloomberg Generating power in the UK by harnessing the ebb and flow of tidal lagoons may be significantly cheaper than building new nuclear electricity plants or offshore wind farms, according to a government-backed review. Tidal lagoons, such as the 1.3 billion-pound ($1.6 billion) pilot project planned in Swansea Bay off the coast of South Wales, would likely cost “well-below” ...

Read More »

Ambani plows $4.4bn more in 4G unit to bolster war chest

  Bloomberg India’s richest man isn’t done yet. After plowing $25 billion into starting a national fourth-generation mobile network, billionaire Mukesh Ambani is spending more to boost coverage amid complaints from its largest rival that his free services are hurting competition. Reliance Jio Infocomm Ltd., a closely held unit of Ambani’s Reliance Industries Ltd., plans to raise 300 billion rupees ...

Read More »
Send this to a friend