Year: 2019

(Bloomberg) — Tesla Inc.’s first Chinese car factory is officially plugged in.State Grid Corp of China has opened the first transmission line in a power connection project that increases electricity supply to the Tesla plant to a level required for preliminary production, according to a statement from the Chinese company’s Shanghai branch. State Grid said it will eventually increase the power supply eightfold for the factory to run at capacity.State Grid said the project – involving 55 kilometers of cables and about 17 kilometers of ducts – was among the quickest it has completed, taking only six months.Palo Alto, California-based …read more […]

Today we’ll evaluate Signify N.V. (AMS:LIGHT) to determine whether it could have potential as an investment idea. To… …read more […]

Qatar Airways said it may convert its 10 orders for the Boeing Co ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the 777-9. “If the 9 is performing very close to the parameters that the 8 will operate, yes we may convert the 8 to 9,” Qatar Airways CEO Akbar al-Baker told Reuters on the sidelines of an event to launch a new route from Doha to Langkawi. Emirates and Qatar Airways are the only firm customers for the 777-8 model, which Boeing is also trying to sell to Australia’s Qantas Airways …read more […]

Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said. Shell won three oil and two gas concessions in Egypt in February. Eni, BP and Exxon Mobil also won some of a total of 12 tenders as Egypt looks to sustain an investment upswing spurred by major discoveries. …read more […]

Broadcaster Central European Media Enterprises (CME) raised its operating profit guidance on Thursday for the third time this year, after third-quarter earnings just beat analysts’ expectations. The market is waiting for news about the possible sale of CME by majority owner AT&T. PPF, the investment group of the Czech Republic’s richest man Petr Kellner, is reported to be the last remaining bidder. CME’s adjusted operating profit (OIBDA) came in at $41.4 million in the third quarter, topping analysts’ average forecast of $39.2 million. …read more […]

Cryptocurrency exchange KuCoin’s derivatives platform, KuMEX, is going to launch bitcoin monthly futures contracts in a “few weeks.” Michael Gan, founder and CEO of KuCoin, announced the news at the Blockchain Life 2019 Forum in Moscow, Russia, according to a press release shared with The Block on Wednesday.The post KuCoin’s derivatives platform launching bitcoin monthly futures in ‘few weeks’ appeared first on The Block. …read more […]

British retailer WH Smith Plc said on Thursday it will buy Marshall Retail Group for about $400 million, betting that the American peer’s network of stores at U.S. airports will help boost profits soured by turmoil on the British high street. Business at WH Smith’s stores at airports and railway stations has been booming as the over 200-year-old company benefits from rising passenger footfall and new larger-format outlets. WH Smith said it would fund the all-cash deal for Marshall through a combination of 200 million pounds ($255.42 million) in new debt and a 155 million pound equity raise. …read more […]