Articles by admin

Amazon.com Inc on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc that will run until the end of December and carry a selection of about 1,000 products from overseas. The move, which was initially reported by Reuters on Sunday, points to how the U.S. firm’s China strategy is evolving after it decided earlier this year to stop operating a marketplace in the country for domestic-selling merchants. Amazon had found it difficult to compete with entrenched, home-grown players such as Alibaba Group Holding Ltd’s Tmall and its rival marketplace from JD.com Inc. In …read more […]

China plans to make power purchasers take fair returns into account when buying electricity from renewable power generators, according to a draft rule issued by the National Energy Administration on Monday aimed at improving their revenues. The draft rule will apply to non-hydropower resources, including wind, solar, biomass, geothermal and ocean power, the energy body said in a statement. China said last week it will cut its renewable power subsidy by 30% to 5.67 billion yuan ($800 million) in 2020, and plans to stop funding large solar power stations and onshore wind farms in the coming two years, …read more […]

In an earlier tweet, Musk said the company had received 146,000 orders for Cybertruck, and tweeted again on Sunday saying “200K” – an apparent reference to the number of orders. During the launch, Musk had taken aim at the design, power and durability of mainstream trucks, only to be shaken when his boast about his new vehicle’s windows backfired. Separately, Musk said the Cybertruck is Tesla’s last product unveil for a while. …read more […]

Tesla Inc Chief Executive Officer Elon Musk indicated in a tweet on Sunday that the electric carmaker received 200,000 orders for its electric pickup truck within three days of its launch. In an earlier tweet, Musk said the company had received 146,000 orders for Cybertruck, and tweeted again on Sunday saying “200K” – an apparent reference to the number of orders. During the launch, Musk had taken aim at the design, power and durability of mainstream trucks, only to be shaken when his boast about his new vehicle’s windows backfired. …read more […]

(Bloomberg) — Amazon.com Inc. is counting on a smartphone app known for cheap deals to lure Chinese consumers during the Black Friday online spree, in a partnership that extends to the end of the year.The U.S. e-commerce giant’s cross-border unit has just opened a storefront on Pinduoduo Inc., China’s No. 3 online retailer after Alibaba Group Holding Ltd. and JD.com Inc.Starting from Nov. 28, the three-day sales campaign will offer Chinese consumers a range of overseas products from Australian baby formula to luxury watches and Nintendo Switch consoles. Pre-sales for some brands are already underway for the U.S.-inspired annual shopping …read more […]

Dutton is the third senior elected official to go on the offensive against the country’s No. 2 retail bank after the financial crime watchdog accused Westpac of allowing payments between known child exploiters among 23 million transactions that violated anti-money laundering protocols. After the financial crime agency AUSTRAC made the allegations in a lawsuit against Westpac last week, Prime Minister Scott Morrison has called on the bank’s board to consider the CEO’s future, while Attorney General Christian Porter described the alleged breaches “off the charts”. …read more […]

Q3 2019 Macy’s Inc Earnings Call …read more […]

Nov.24 — Tim Moe, chief Asia-Pacific equity strategist at Goldman Sachs, discusses the top risks to markets and his outlook for Hong Kong assets. He speaks on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg) — China is planning a record sale of sovereign bonds in dollars, with a potential $6 billion offering, according to people familiar with the discussions.The Ministry of Finance is considering tenors of three years, five years, 10 years and 20 years, according to the people, who asked not to be named as the talks aren’t public. The ministry didn’t immediately respond to a request for comment.This marks the third straight year for China to issue dollar debt, and underscores the nation’s continued interest in building out an offshore market where its companies and local authorities can tap funding. The …read more […]

After several tireless days we have finished crunching the numbers from 752 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30th. The results of that effort will be put on display in this article, as we share […] …read more […]