June, 2017

• 20 June

  Tesla close to agreeing on plan for China production

  Bloomberg Tesla Inc. is close to an agreement to produce vehicles in China for the first time, giving the electric-car maker better access to the world’s largest auto market, according to people familiar with the matter. The agreement with the city of Shanghai would allow Tesla to build facilities in its Lingang development zone and could come as soon as ...

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• 20 June

  India’s Paytm seek license to offer money market fund

  Bloomberg India’s largest digital-payments company, Paytm, is seeking a license to set up a money market fund where users can store cash and earn interest, in competition with the country’s banks, according to a person familiar with the matter. Paytm has applied to India’s central Reserve Bank of India to start the fund and increase its offerings to its over ...

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• 20 June

  Trump’s steel-import threat prompts EU to warn of retaliation

  

  Bloomberg European Union Trade Commissioner Cecilia Malmstrom said she’s “extremely worried” about a U.S. threat to curb steel imports for national-security reasons, saying the step could trigger protectionist reactions around the world. “That is opening a Pandora’s box,” Malmstrom said in an interview with Bloomberg News in her Brussels office. “Many other countries would maybe also refer to security and, ...

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• 20 June

  Investors extend Greek bond bets as confidence rises on bailout

  

  Bloomberg Investors are extending the maturity of Greek bond holdings as they become more sanguine about the nation’s prospects after creditors agreed a bailout deal. The latest agreement by euro-zone finance ministers ended months of speculation over whether Greece would meet large bond payments due in July and spurred a rally in the country’s debt. PGIM Fixed Income and Greylock ...

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• 20 June

  Germany’s Thyssenkrupp thinks beyond steel

  Bloomberg It is a mark of the transformation going on at Thyssenkrupp AG that the most profitable operation at Germany’s biggest steel company is producing elevators not metal. The industrial giant, with roots dating to 1811, has poured research into its elevator unit to turn what was a sideline into a primary business. The strategy is Thyssenkrupp’s bid to survive ...

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• 20 June

  Trump isn’t destiny

  

  It’s time to take a brief break from Donald Trump. Whatever you think of him, there’s no denying that he dominates the news cycle. We seem to assume that the nation’s future depends on Trump’s fate, for better or worse. The reality is otherwise: The nation’s future also hangs on larger economic and social trends that no president can shape. ...

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• 20 June

  Alibaba may have met its match in America

  

  Alibaba Group Holding Ltd., already the largest Chinese company by market capitalization, is nothing if not ambitious. Its chief financial officer, Maggie Wu, recently told investors she expects revenue to increase by up to 49 percent next year, a staggering prospect. But perhaps more staggering is how Alibaba hopes to get there: In part, by tapping the US market. By ...

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• 20 June

  How Asia can take the lead on climate

  Ever since the U.S. announced its withdrawal from the Paris agreement, China and India have been hailed for firmly recommitting to the global emissions pact. The praise is fair: It’s good that two of the world’s three biggest greenhouse-gas emitters have renewed their promise to act. But if they really hope to lead on climate, they’ll have to be more ...

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• 20 June

  A plan for Brexit

  With Brexit negotiations, the British government has only the most tenuous grip on power. Amid paralyzing uncertainty, how can the main actors — Prime Minister Theresa May, opposition leader Jeremy Corbyn, and government leaders across the European Union — make their way forward? The main thing is to agree to reach a deal of some kind before the U.K. officially ...

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• 20 June

  China’s credit problems reflect confusion on GDP

  

  China’s regulators, it seems, are on the attack. Guo Shuqing, chairman of the China Banking Regulatory Commission, announced recently that he’d resign if he wasn’t able to discipline the banking system. Under his leadership, the CBRC is stepping up scrutiny of the role of trust companies and other financial institutions in helping China’s banks circumvent lending restrictions. The People’s Bank ...

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