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One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will......
BEIJING/SHANGHAI, Nov 11 (Reuters) - Fewer new energy vehicles (NEV) could be sold in China this year than in 2018, an official at the country's biggest auto industry association said on Monday, as customers hold back on purchases following a government decision to cut subsidies. Chen Shihua, assistant secretary general at China Association of Automobile Manufacturers (CAAM), made the comment on Monday after the association reported that sales of NEVs fell 45.6% in October from year-ago levels, following a 33% decline in September. "There is a gap between sales to date and where they were last year, so according to the development trend, we may see negative growth for new energy vehicles this year," he said....
Spot gold was up 0.3% at $1,462.83 per ounce at 0614 GMT, while U.S. gold futures were flat at $1,462.90 per ounce. "Gold prices are pretty low now and investors are taking this opportunity to take positions in the safe-haven metal as there is still an upside to it, considering the concerns over the trade war and global economy," said Brian Lan of Singapore dealer GoldSilver Central. Gold buying by central banks, especially in China, is also boosting prices, Lan added....
(Bloomberg) -- Tesla Inc. unveiled its first vehicles built in China, a milestone for Elon Musk’s company as it prepares to start sales of domestically-made electric sedans in the world’s largest auto market.Assembled in Tesla’s new Shanghai Gigafactory, which only broke ground in January, the first Model 3 sedans came in blue and were emblazoned with the brand name in Chinese characters. Selected local media were invited late last week to test drive the vehicles, which start at about $50,000.China’s first plant wholly owned by a foreign carmaker — and Tesla’s first outside the U.S. — is a crucial test of Musk’s bid to keep his carmaker profitable as he bets on Chinese demand for electric vehicles.The plant is producing cars in small quantities as part of preparations. Tesla is working with local authorities to obtain manufacturing certification and hopes to get it by year-end, Chairman Robyn Denholm said last week...
Shares declined Monday in Asia as investors watched for the latest developments in the China-U.S. trade war saga. Hong Kong led the retreat, with the Hang Seng falling 2.7% to 26,902.36 after a police officer wounded a protester in a shooting. Australia's S&P ASX/200 was the sole major index to advance, gaining 0.7% to 6,772.50....
The two daily return flights will help AirAsia X deploy its Airbus SE A330s for more hours of the day, allowing it to boost revenue, the carriers said. The services will also give passengers from China, India, Japan and Korea better connections from its Kuala Lumpur hub to Singapore. Using the widebodies rather than AirAsia's narrowbody Airbus A320s also doubles capacity in those slots on the Kuala Lumpur-Singapore route, the world's busiest international route by frequency of services, according to aviation data provider OAG....
(Bloomberg) -- Ten coal-fired power plants near India’s capital of New Delhi are poised to miss a December deadline to install pollution control devices that would have curbed premature deaths linked to toxic emissions.Eight of the plants, whose operators include Vedanta Ltd., Larsen & Toubro Ltd. and Uttar Pradesh Power Corp., have yet to order the required flue-gas desulfurization units, according to the Central Electricity Authority. The units can take as long as three years to secure and install, and it’s unclear if the operators will be penalized by authorities if they miss the deadline.Air pollution levels in India’s capital reached near record levels this month, forcing schools to shut and keeping residents indoors. If the emissions standards were implemented nationwide, India could avoid more than 300,000 premature deaths through 2030, according to a study by the Bengaluru-based Center for Study of Science, Technology & Policy.“Non-compliance will come at the cost...
