Friday , February 21 2020

International News

China to break addiction to corporate bank loans

Bloomberg China is strengthening efforts to encourage direct financing of companies in a financial system that’s long been dominated by banks, as the private sector struggles with access to credit. Regulators in recent months relaxed rules for companies seeking listings on China’s stock markets, moving towards a registration-based system that ...

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Barnier pledges to work ‘night and day’ to get deal with UK

Bloomberg The European Union’s (EU) chief negotiator for a post-Brexit trade deal said he’ll work “night and day” for an agreement, though the UK‘s departure will have “innumerable and lasting consequences.” There is a risk the two sides will fail to get a trade agreement by the December 31 deadline ...

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VW CEO confident he can catch Tesla in e-car race

Bloomberg Volkswagen AG Chief Executive Officer Herbert Diess is preparing to muscle Elon Musk out of the electric-car lead. While Tesla Inc is paving the way in sustainable mobility, the world’s biggest automaker is buying software companies and ramping up investments in electric vehicles and battery cells, Diess said at ...

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