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(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies.Some 910,000 tons of crude, three times as much as in August, was offloaded at Chinese ports after being transferred in the South China Sea, according to ship-tracking data compiled by Bloomberg. It’s unclear where this oil came from, but moving crude from one vessel to another at sea is a common way of disguising …read more […]

(Bloomberg) — It was a once-unthinkable move: purposely shutting off power to millions of people and plunging a major metropolitan area into darkness.And yet, come Wednesday, utility PG&E Corp. plans to shut electricity to 800,000 California homes and businesses — representing roughly 2.4 million people — to prevent wildfires as high winds are forecast to whip through the state. The outages will hit 34 counties, including much of the San Francisco Bay area, triggering a scramble by residents to prepare for what may be days without power.For PG&E, forced into bankruptcy by devastating fires that its equipment has ignited over …read more […]

(Bloomberg) — Renault SA is rushing to keep up with rivals to tap growing demand for electric cars in Europe with new models — possibly with the help of Nissan Motor Co.The French carmaker is mulling a new all-electric car, bigger than its best-selling Zoe, that could compete with the likes of Tesla Inc.’s Model 3 and Volkswagen AG’s ID.3. The car may be produced on a common platform with Nissan and third alliance partner Mitsubishi Motors Corp., according to Emmanuel Bouvier, commercial director of Renault’s electric car business.“We’re working on developing the range of our lineup so as to …read more […]

Q3 2019 Richelieu Hardware Ltd Earnings Call …read more […]

Q2 2019 Vivint Solar Inc Earnings Call …read more […]

In this article we are going to estimate the intrinsic value of Geely Automobile Holdings Limited (HKG:175) by taking… …read more […]

Nearly 800,000 California homes and businesses can expect to lose electricity for up to several days from Wednesday, in a planned PG&E power shutdown of unprecedented scale due to heightened wildfire risks from high winds, the utility said. Pacific Gas & Electric Co, a unit of PG&E Corp, said on Tuesday it was extending a previously announced “public safety power shutoff” to 34 counties in northern and central California, marking the largest such precautionary outage the utility has undertaken to date. Power will be turned off to communities in stages, starting in northern California, just after 12:01 a.m. …read more […]

U.S. gold futures gained 0.5% to $1,511.40. Ahead of trade talks later this week, the U.S. government widened its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions. …read more […]

(Bloomberg) — Clinuvel Pharmaceuticals Ltd. surged the most in five years after the U.S. Food and Drug Administration approved its treatment for a rare skin disorder that causes sensitivity to light.Shares of the Melbourne-based bio-pharmaceutical firm jumped as much as 51% in Sydney, the most since October 2014, after the U.S. allowed the use of the drug Scenesse to treat erythropoietic protoporphyria. Clinuvel rose to a record high of A$42.38, valuing the company at A$2.1 billion ($1.4 billion).Erythropoietic protoporphyria induces skin damage from exposure to light, forcing patients to “lead an indoor or nocturnal existence,” Clinuvel said in a release. …read more […]