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Fine print in Trump solar tariff holds some good news for Tesla

Fine print in Trump solar tariff holds some good news for Tesla

LOS ANGELES: Electric vehicle maker and solar installer Tesla Inc. said on Tuesday that it does not expect President Donald Trump’s solar tariff to have much impact on its high-tech solar manufacturing ambitions, thanks to a clause exempting a vast amount of solar panel components from the levies. Trump’s order, signed into law on Tuesday, […]

January 23, 2018 | By | Reply More
JPMorgan rolls out US$20 billion investment plan after tax gains

JPMorgan rolls out US$20 billion investment plan after tax gains

NEW YORK: JPMorgan Chase & Co unveiled a US$20 billion investment plan on Tuesday to hike wages, hire more, open new branches and expand its business as it takes advantage of sweeping changes to the US tax law and a more favorable regulatory environment. The bank joined several other US companies that have already announced […]

January 23, 2018 | By | Reply More
Texas Instruments fails to beat earnings estimates, shares fall

Texas Instruments fails to beat earnings estimates, shares fall

FILE PHOTO: An employee enters the research building of Texas Instruments France firm in Villeneuve-Loubet near Nice December 18, 2012. REUTERS/Eric Gaillard/File Photo DALLAS: Chipmaker Texas Instruments Inc’s fourth-quarter earnings failed to exceed Wall Street expectations after several quarters of better-than-expected results, sending its shares down 5 percent on Tuesday. The Dallas-based company reported a […]

January 23, 2018 | By | Reply More
NYSE sees no need to ‘bend over backwards’ to woo Aramco IPO

NYSE sees no need to ‘bend over backwards’ to woo Aramco IPO

DAVOS: The New York Stock Exchange took a swipe on Tuesday at its London rival in their battle to attract the foreign listing of shares in oil giant Saudi Aramco, saying it didn’t need to “bend over backwards” to lure what could be the world’s biggest IPO. Britain’s markets watchdog, hoping that hosting the huge […]

January 23, 2018 | By | Reply More
Bitcoin ban at Nordea has financial regulator taking back seat

Bitcoin ban at Nordea has financial regulator taking back seat

STOCKHOLM: As Nordea Bank AB blazes a trail in Europe by banning its employees from trading Bitcoin and other cryptocurrencies, the regulator is taking a back seat in a decision-making process it says is better left to the industry. Sweden’s Financial Supervisory Authority thinks “every institution must decide on the details of their internal regulations […]

January 23, 2018 | By | Reply More
Fernandes: AirAsia not likely to impose oil surcharge

Fernandes: AirAsia not likely to impose oil surcharge

PETALING JAYA: AirAsia group chief executive officer Tony Fernandes told Bloomberg TV that the airline was not worried about the recent hike in oil prices and was committed not to change its hedging programme or implement an oil surcharge. “AirAsia has had to deal with oil prices at over US$100 a barrel, so US$60 is […]

January 23, 2018 | By | Reply More
Carrefour to cut 2,400 jobs, invest US$3.4 billion online

Carrefour to cut 2,400 jobs, invest US$3.4 billion online

PARIS: Carrefour SA is forming a partnership with Chinese tech giant Tencent Holdings Ltd and investing 2.8 billion euros (US$3.4 billion) over five years in online shopping as CEO Alexandre Bompard seeks to fend off Amazon.com Inc. A sweeping overhaul announced Tuesday will result in 2,400 job cuts at its French headquarters, the Boulogne-Billancourt, France-based […]

January 23, 2018 | By | Reply More
Russia may back Aramco IPO, enhance OPEC ties

Russia may back Aramco IPO, enhance OPEC ties

Aramco DAVOS: Russian pension funds are considering investing in Saudi Arabian state oil major Aramco when it lists its stock in a move to strengthen the partnership between the world’s two top oil producers, Russia’s top state investment officer said. The head of Russia’s Direct Investment Fund, Kirill Dmitriev, told Reuters on Tuesday that Moscow and […]

January 23, 2018 | By | Reply More
UK regulator says Fox buying Sky not in public interest, suggests remedies

UK regulator says Fox buying Sky not in public interest, suggests remedies

UK regulator says Fox buying Sky not in public interest, suggests remedies Reuters LONDON: Britain’s competition regulator said Rupert Murdoch buying all of Sky was not in the public interest because it would give the media mogul too much influence, but set out possible remedies that could allow the US$15 billion deal to go ahead. […]

January 23, 2018 | By | Reply More
China’s top electric-car maker to list in US$4.5 billion deal

China’s top electric-car maker to list in US$4.5 billion deal

BEIJING: China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan (US$4.5 billion), giving investors a chance to bet more directly on the world’s largest market for new-energy vehicles. One of BAIC Group’s publicly traded affiliates, Chengdu Qian Feng Electronics Co, will buy […]

January 23, 2018 | By | Reply More