A tense and short-tempered Chief Executive Elon Musk barked at engineers on the Fremont, California assembly line. Tesla pulled workers from other departments to keep pumping out the Model 3 electric sedans, disrupting production of the Model S and X lines. And weekend shifts were mandatory. Tesla pulled out all the stops in the final […]
Read moreCurrency, United States Finance
Cross-border megadeals fall for the first time since 2013 amid trade and political concerns
Trade tariffs and political interference have started to hurt cross-border megadeals, a report from Mergermarket showed Tuesday. Although the first half of 2018 represented the strongest six months in merger market activity since the financial crisis, cross-border deals have taken a hit. In total, megadeals reached a value of $1.94 trillion in the first six […]
Read moreOne year ago, China made a major move to open up its domestic, or onshore, bond market. But the sector is now facing a trying time as investors brace for a greater number of payment defaults in the months ahead. That’s coming at a time when the Chinese economy faces the threat of a further […]
Read moreThe U.S. government moved on Monday to block China Mobile from offering services to the U.S. telecommunications market, recommending its application be rejected because the government-owned firm posed national security risks. The Federal Communications Commission (FCC) should deny China Mobile’s 2011 application to offer telecommunication services between the United States and other countries, the National […]
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