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Tesla Secures More Than $1.4 Billion in Financing from China

(Bloomberg) — Tesla Inc. clinched more than 10 billion yuan ($1.4 billion) in financing from local banks for its Shanghai factory as it prepares to begin deliveries of China-made Model 3 sedans in the country, people familiar with the matter said.An announcement will probably be made as soon as this week, one of the people said, asking not to be identified discussing a private matter.Chief Executive Officer Elon Musk is counting on the China plant to help build on recent momentum for the company in the world’s largest market both for electric vehicles and autos in general. Tesla’s new-car registrations …read more […]

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How Putin Got a New Best Friend Forever in Africa

(Bloomberg) — Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterAlpha Conde of Guinea had a favor to ask Vladimir Putin when the two presidents met at the inaugural Russia-Africa summit in the Black Sea resort of Sochi in October.“I would like, if possible, to spend most of our meeting in a one-in-one format because I have things to say to you that are not worth discussing in such a large group,” the 81-year-old West African leader said.“My pleasure,” Putin, 67, replied as aides began to herd the several dozen officials and reporters in attendance out …read more […]

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Wall Street Roundup: Analysts Make Moves on These 3 Stocks

The bull market is charging on, with the Dow Jones, NASDAQ, and S&P 500 indexes all closing out last week by recording new record highs. It looks like the good times will be with us for the New Year celebrations, and some of the Street’s top analysts are making appropriate buying recommendations.Here at TipRanks – where we track and measure the performance of analysts – we’ve opened up a helpful analytic tool. The Daily Stock Ratings tool brings the most up-to-date info on the markets right to your fingertips, so you’ll know which stocks are attracting attention, and which analysts …read more […]