Ford Motor Co said on Monday that its China vehicle sales in 2019 fell 26.1% from a year earlier to 567,854 units, as the U.S. automaker continues to battle a prolonged sales decline in its second-biggest market.
Ford Motor Co’s China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. The U.S. automaker delivered 146,473 vehicles in China in the fourth quarter, down 14.7% year-on-year, Ford said in a statement. Ford has been trying to revive sales in China after its business began slumping in late 2017. …read more […]
Oil prices edged down on Monday as fears of conflict between the United States and Iran eased, although the decline was checked by the planned signing of an initial U.S.-China trade deal this week, which could boost demand.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also… …read more […]
Jan.12 — Shelley Rigger, professor of political science at Davidson College, talks about the outcome of Taiwan’s elections. President Tsai Ing-wen of the ruling Democratic Progressive Party won a landslide victory over China-friendly opposition challenger Han Kuo-yu to clinch a second term in elections Saturday. Rigger speaks with Bloomberg’s Stephen Engle on “Bloomberg Daybreak: Asia.” …read more […]
(Bloomberg) — Siemens AG said it intends to honor a controversial contract to supply signaling systems to an Australian coal mine, defying the demands of activists that protested at locations in Germany on Friday.The company will establish a sustainability committee that will have the power to stop or escalate projects, but the company will ultimately continue with the Adani contract, Chief Executive Officer Joe Kaeser said in a statement on Sunday.“I do realize, most of you would have hoped for more,” Kaeser said in the statement. “While I do have a lot of empathy for environmental matters, I do need …read more […]
Asian shares paused near 19-month peaks on Monday ahead of the expected signing on a Sino-U.S. trade deal, though talks on a phase two package are likely to drag on for months.
Segway has extended its product lineup far beyond its original two-wheeled upright vehicle. At CES 2020, one of the more interesting new micromobility inventions it debuted is the S-Pod, a chair that wraps around you, providing an extremely comfortable ride at speeds up to 24 miles per hour. …read more […]
By hiding within your existing door hardware, Level Lock brings smart lock functionality without changing the look of your door. …read more […]
(Bloomberg) — The first of Hong Kong’s new generation of digital banks has announced its arrival with a 6% introductory rate for deposits.ZA Bank Ltd., one of eight firms preparing to start digital-only banks in Hong Kong, has begun a trial run that pays a select group of depositors over 3 percentage points more than established banks such as HSBC Holdings Plc and Standard Chartered Plc. Though many doubt the new banks well be able to maintain such rates, the offer is a warning of upcoming competition for the the city’s $410 billion local currency time-deposit business.“This is more of …read more […]
Jan.12 — Taiwanese president Tsai Ing-wen won a landslide victory over China-friendly opposition challenger Han Kuo-yu to clinch a second term in elections Saturday. Stephen Engle speaks with Haidi Stroud-Watts and Shery Ahn on “Bloomberg Daybreak: Australia.” …read more […]
(Bloomberg Opinion) — Broad new horizons in key markets are opening for the world’s energy companies. Don’t expect to see a land rush any time soon. China will allow all large domestic and foreign companies to apply for oil and gas exploration licenses that were previously only open to state-owned enterprises, the country’s resources ministry said at a briefing Thursday. In India, regulators will also let private and international companies bid for a group of coal blocks it’s putting up for auction starting this month, the country’s coal and mines minister Pralhad Joshi said this week, chipping away at a …read more […]
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […] …read more […]
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