April, 2018

• 1 April

  Nissan to triple Datsun sales with new markets

  

  Bloomberg Nissan Motor Co. is looking to triple sales of its low-cost Datsun vehicles by 2022 as the Japanese carmaker seeks to revive an 87-year-old brand it resurrected about five years ago. Growth will mainly come from markets in Africa, Middle East and South Asia, Peyman Kargar, senior vice president at Nissan, said in an interview in Karachi. After Pakistan, ...

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• 1 April

  Adani delays Aussie coal shipment, eyes deals

  

  Bloomberg Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020 target date to begin mining coal from the Carmichael project in Australia’s northeastern state ...

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• 1 April

  China factory gauge rebounds as export demand recovers

  

  Bloomberg A gauge of activity at China’s manufacturers posted its first gain since November, as factories recovered from a seasonal dip at the start of the year and export demand shrugged off threats of a trade war. The manufacturing purchasing managers index rose to 51.5 in March versus the 50.6 estimate in Bloomberg’s survey and 50.3 in February. The non-manufacturing ...

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• 1 April

  Beijing plans merger of shipbuilders to create heavyweight

  

  Bloomberg China’s government is working on a plan to combine its two biggest shipbuilders to create an industrial giant that would dwarf its South Korean rivals, according to people with knowledge of the matter. The state council, China’s cabinet, has given its preliminary approval to merge China State Shipbuilding Corp. with China Shipbuilding Industry Corp., the people said, asking not ...

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• 1 April

  American Electric seeks to build largest wind farm in US

  

  Bloomberg On the gusty Oklahoma Panhandle, a fight is escalating over a $4.5 billion wind power project that stands to reshape the way Americans pay for clean energy. Across 300,000 acres (121,206 hectares) utility giant American Electric Power Co. is trying to pull off something no other company has attempted at this scale: It wants to build the nation’s largest ...

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• 1 April

  Iraq brings forward awarding of new oil contracts to April 15

  BAGHDAD / Reuters Iraq plans to award oil and gas exploration and development contracts in 11 new blocks on April 15, oil ministry spokesman Asim Jihad said. Iraq had initially set June 21 as the date to open the bids for the new blocks, located in border areas with Iran and Kuwait, and in offshore Gulf waters. Bidding documents will ...

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• 1 April

  EU sours on reviving trade-pact push with US amid tariffs row

  

  Bloomberg The European Union distanced itself from the idea of reviving talks on a broad free-trade agreement with the US as part of EU efforts to gain a permanent exemption from President Donald Trump’s controversial import tariffs on steel and aluminum. A day after US Commerce Secretary Wilbur Ross said the Trump administration is willing to restart negotiations on the ...

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• 1 April

  Tesla recalls early Model S cars

  

  Bloomberg Tesla Inc. is recalling all Model S cars built before April 2016 to retrofit a power-steering component as the company caps its worst one-month performance in the stock market since December 2010. The issue, which the carmaker said has not led to any accidents or injuries, impacts only the flagship Model S sedan, not the Model X sport utility ...

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• 1 April

  Telegram app raises $1.7bn in coin offering

  

  Bloomberg Telegram Group Inc., an encrypted messaging app seeking to create its own cryptocurrency, has increased the proceeds from the world’s largest initial offering to $1.7 billion, according to a regulatory filing. Telegram raised $850 million from 94 investors in March in addition to $850 million it gained in February, and “may pursue one or more subsequent offerings,” the British ...

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• 1 April

  Facebook bonuses for women lower in UK; Amazon pays less too

  

  Bloomberg Facebook Inc. pays female staff in Britain just 0.8 percent less on average than male employees, but womens’ bonuses are almost 40 percent lower. The mean average disparity in pay at Facebook is an improvement compared to Google’s UK arm, where women are paid on average 17 percent less than men. Google’s average bonus for female staff is 43 ...

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