New home sales weak on sluggish pace
New home sales in Shanghai remained below the 200,000-square-meter threshold for the seventh consecutive week in a local market still beset by sluggish momentum.
Breaking News
Tesla Wars — Where Can Tesla Sell Direct To Customers? New Infographic Has You Covered
Originally published on EV Obsession. Not completely clear on the present state of Tesla’s war with the dealership associations? Not sure in which states Tesla sales are legal, and in which states Tesla is barred from direct sales? Don’t worry, …
China Moves Forward With Free Trade
China moves forward on its Free Trade initiatives by setting up “pilot zones” in several regions. The announcement came overnight from the office of Long Guoqiang at the General Office of the Development Research Center or DRC.
Tesla Upgrades Battery Plate
Tesla (TSLA, quote) announced it will update the battery plate with a titanium plate in order to prevent battery fires. The bolt on change is in response from the two Model S fire incidents last year that the media picked up and ran with video of the model S on fire for weeks on end. The fires where caused by road debris when the car ran over it and it
China’s April fiscal revenue rises 9.2 pct
China’s fiscal revenue climbed 9.2 percent year on year in April to reach 1.25 trillion yuan (202.92 billion U.S. dollars), the Ministry of Finance said on Monday.
Bank of England Announced interest rates to Remain on hold
Bank of England (BOE) left key interest rates at 0.5% along with no additional changes in its asset purchasing program of at £375 billion or $636 billion USD.
Europe Interest Unchanged
European Central Bank (ECB) left key interest rate unchanged at a record low level
Alibaba files for IPO in US
China’s e-commerce giant Alibaba has filed initial public offering (IPO) document to the U.S. Securities and Exchange Commission (SEC) with plans to raise one billion U.S. dollars, according to SEC information and well-informed sources.
China mulls ‘mega’ FTA
China (FXI, quote) has proposed studying the feasibility of a mega free-trade agreement in the Asia-Pacific region as the many flourishing FTAs in the area could burden businesses with different standards, a senior official said on Wednesday.
AT&T and DIRECTV in Talks?
This morning reports are surfacing of more M&A in the media sector again. The Wall Street Journal is reporting that AT&T (T, quote) has approached DIRECTV (DTV, quote) concerning an acquisition.