March, 2017

• 11 March

  Tesla completes Hawaii solar project

  

    Bloomberg Tesla Inc. has completed a solar project in Hawaii that incorporates batteries to sell power in the evening, part of a push by the electric car maker to provide more green power to the grid. The Kapaia installation includes a 13-megawatt solar system and 52 megawatt-hours of batteries that can store energy during the day and dispatch it ...

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• 11 March

  Oil caps worst week since November as US supply glut expands

  

    Bloomberg Oil capped the biggest weekly loss since November after surging US supplies erased three months of gains that followed OPEC’s deal to cut output. Futures tumbled 9.1 percent this week in New York. For a second day, they closed below the settlement on November 29, the day before OPEC agreed to the curbs. US crude stockpiles have expanded ...

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• 11 March

  US threats push China SUV maker to review Mexico site

  

    Bloomberg China’s biggest SUV maker is reconsidering its plan to build an auto plant in Mexico that would have made its best-selling vehicles for the US market, joining a growing list of global automakers reviewing investment plans after tax threats by President Donald Trump. Great Wall Motor Co., led by billionaire Chairman Wei Jianjun, may choose the US instead ...

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• 11 March

  Indian sugar mills seek limits on govt imports

  

    Bloomberg Indian sugar mills have recommended the government limit the volume of imports if it decides to purchase sweetener from overseas. ISMA said if the government “wants to import for their own comfort, not more than 400,000 to 500,000 tons of sugar should be allowed to be imported” and priority should be given to domestic mills in the country’s ...

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• 11 March

  Volkswagen, Tata target Indian car alliance

  

    Bloomberg Volkswagen AG plans to team up with Tata Motors Ltd. on joint projects in India, renewing the German automaker’s push to boost its presence in emerging markets after its previous efforts failed to gain traction. Tata and the European carmaker’s Skoda division will initially work together on market studies for developing mobility services, vehicle components and models, Wolfsburg-based ...

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• 11 March

  Singapore eases property curbs after housing prices decline

  

    Bloomberg Singapore is rolling back some property-market curbs after a three-year decline in prices made homes more affordable in the city state. Shares of property developers surged after the surprise announcement by the government that stamp duty imposed on sellers will be reduced and some mortgage restrictions eased. City Developments Ltd. jumped as much as 10 percent and CapitaLand ...

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• 11 March

  Opening Arctic for drilling is Trump priority: Senator

  

    Bloomberg Senator Lisa Murkowski said President Donald Trump is interested in opening up new coastal waters for oil and gas drilling and reversing Obama-era policies that restrict energy development in Alaska. Both Trump and Interior Secretary Ryan Zinke are weighing ways to expand opportunities to drill in Arctic waters though the changes could take years to accomplish administratively, Murkowski ...

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• 11 March

  BHP requests formal meeting with Escondida union to resume talks

  

    Bloomberg BHP Billiton Ltd. has sent a formal request to meet with union leaders at the world’s largest copper mine in Chile, the first attempt to meet since talks failed on February 20, the company said in an emailed statement. BHP wants to propose a new wage offer that includes improvements in several areas that the union has said ...

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• 11 March

  Uber’s ‘$1 settlement’ fails to win over judge

  

    Bloomberg Uber Technologies Inc. failed to persuade a judge to approve a settlement offering 1.6 million California drivers an average of $1.08 each to dispense with alleged labor-code violations that their lawyer earlier claimed might have been worth billions of dollars. Los Angeles Superior Court Judge Maren Nelson issued a tentative ruling rejecting a deal aimed at resolving one ...

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• 11 March

  American bulks up to defend Chicago hub against United

  

    Bloomberg Less than two weeks after United Continental Holdings Inc. said it was done being a “docile competitor,” American Airlines Group Inc. signaled it’s no pushover, either. American is adding seven new routes from Chicago to midsize US cities starting July 5, President Robert Isom said in a letter to employees late. Chicago also got the most new service ...

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